I’m picking up on your vybes gocu,
A cap raise (say half a semi dilutive rights offer to SH’s with the other half going to a sophisticated friendly) could have the effect of reducing CF’s holding to below 10% - in the absence of some serious SP appreciating on market buying from them.
Still I don’t see how CF’s 13 odd percent would worry another suitor. The company would effectively be taken private with CF having no real power- they would not hold on to their shares for long. This is the hope I hold anyway!
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screw the screwer, page-9
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