possible 25:1 swap for cti shares..., page-5

Hi Trade4Profit,

That would make CTI the more "at risk" entity.

It would take the current CTI (direct translation of MC) position to ~40% from its current ~55%. Conversely, DFT's relative value contribution would rise from ~45% to ~60%.

At the moment, I do not see the fundamentals that would bring this about (ie: an effective transfer of value from the existing CTI shareholders to their counterparts in DFT, on a merged basis).

With the current 10% sell-off in DFT, vs neutral for CTI, the market seems to also believe that such a transfer will not come about.

DFT originally took control of VNT ~@2c in circumstances where VNT had dropped 90% in value (ie: from its IPO price). I doubt really that anything much has changed in the intervening years.

Consolidation is the key and that is being borne out of necessity, critical mass, intense price competition, increased customer churn, divided loyalties, and a strengthening of Primus in the marketplace.