8c is what everyone is expecting. Anything above 10c is a bonus. IF they flood the market with too many shares there would have to be a consolidation on the cards as well. I don't think they will sell their boats for the same reason that you have suggested - noone will support buying them the second time round. If s/hs can get away with an extra .4M shares on the registry with nms rationalised geographically it will be a better long term outcome, albeit riskier. Also Chandler, if you sell off the working capital it might be less appealing as a takeover target from my layman perspective. It would be a disaster for holders because this would no longer be a "blip" but a complete refurb, and loss of value. Btw the CFO who left had impeccable timing and was obviously the guy we needed to start shaking things a little. Any bet he would have been suggesting the divestment b4 he pulled the pin. CL was either too naiive or too stubborn to take a step back and revise his plan.
NMS Price at posting:
8.4¢ Sentiment: None Disclosure: Held
