Hi All
This may help answer a few questions
http://www.merchantgroup.com.au/news/merchant-opportunities-fund-newsletter-august-2012.html
Our largest shareholder seems more interested in resources
than Biotech. I note no mention of CZD in the latest newsletter. What is interesting is the freeze on redemptions to the 30th September. My guess is the million that went through yesterday may have come from Merchant Funds Management, will wait on a substantial shareholder notice. In any event they went to a waiting buyer, can you imagine what that might have done to the appetite for CZD shares.
I think Andrew Chapman is making a rod for his own back with the monthly newsletters that say nothing much about his fund which is a little small. That also raises the question of why CZD was transferred to this fund in the first place!!
Whatever, in spite of everything I believe the tech can overcome these unrelated matters, however the doubt as with AOD is will we ever make any money from it?!
I am hopeful that Dr David McQuillan our latest board member
can make a difference in this regard.
Would like to give a buy, however spring is only just sprung and I don1t see much before Christmas.
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