...and the independent report used by the directors as a basis to reject CFC's offer wasn't worth the paper it was written on.
I doubt that the upcoming report will either. But I'm sure it will agree with the proposal.
The situation must be pretty dire for management to recommend that all current shareholders get massively diluted and become minority shareholders to Blumont.
Management talked a big game during the takeover period and have completely failed to deliver.
Memo to self - stick to charts when making investing decisions. Charts don't lie.
DML Price at posting:
9.5¢ Sentiment: Hold Disclosure: Held
