The letter from CFC with their revised T/O terms was dated April 26 so I can only assume that the board have been looking at other options for the company during suspension.
My hope is that they may have a plan B (wishful thinking I know) but felt compelled to release the CFC proposed bid to market in the hope of flushing out a higher bid & at the least showing any other potential suitors CFC's hand.
I wonder how long CFC have had access to the data room as the pessimist in me can't help but entertain the thought that maybe CFC have already made the decision not to launch another bid hence a share price of 20 cents.
All speculation I know but had to get it out there for comment.
The letter from CFC with their revised T/O terms was dated April...
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