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goarmy

5,661 Posts.

325

14/10/18

11:42

Post #: 36117144
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Originally posted by SimonTemplar: ↑

I agree with @substanceonly. I've previously and consistently expressed my displeasure at the deal proposed for shareholders, but SFI has no plan B and the downside of voting no is no money, a raising at a very low price and massive risk to shareholder value and funds.

I appreciate @goarmy's perspective but don't believe there is any substance to his Chinese rescue scenario. In fact the Chinese option fell by the wayside without firing a shot way back in August. And, given the powerful position Eagleview are in, leaves very little room for a higher bid from an alternative player - unless its the tooth fairy!

Yes, we await the Independent Expert's report and complete comms from the SFI Board, but I urge all Hot Copperites to consider the implications and ramifications of a no vote - just because you are p...ed off at the performance of the Board.

Let's get some cash and move on to greener pastures in 2019.

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Simon Templar..........please note the Chinese deal/issue is not dead as the Chinese were granted an extension to take up the deal till Mid December this year.. which is now only a few weeks away ....so imo it's not over with China till them......If they weren't interested they wouldn't have asked for any extensions in the first place. !!!

SFI Price at posting: 8.7¢ Sentiment: Hold Disclosure: Held
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