As I said earlier on this thread stockchap, CIY's net assets could in fact be negative. Well on reading the half year accounts they are. At what price do you expect Phil and the boys to come and buy the whole thing back at now? Stockchap I have not embarrassed myself but I think you have
CIY says the balance sheet doesn't reflect the value of being RE for the FMF, but they could even lose that if enough unitholders want a change
The real money was made on CIY from July 2001 to early 2005 and I rode it all the way. No point trying to scratch around with this dog now
CIY Price at posting:
8.0¢ Sentiment: Sell Disclosure: Not Held
