who is taking up their entitlment issue?, page-9

A hypothetical outcome -


The Offer is fully underwritten by Pinnacle Capital Management Limited. However, if the terms and conditions of the Underwriting Agreement are not satisfied, or a termination event occurs, the Underwriter may terminate its obligations. In such a scenario, the directors reserve the right to place any shortfall at their discretion at no less than 1.25 cents per Share.


The way I read this it will not be Pinnacle thats takes up any shortfall ... IMO it will be one of Anton Tarkanyi's companies. I suspect Tarkanyi is the one who has been pulling CVI's strings for a long long time and I also suspect he is seriously rich.

There are a few clues, Director of Easyoffice and the 75mill placement and subsequent selloff to bring down the sp ... with Tarkanyi most likely funding the entire placement, previous owner of Canzar and probably still is through Belize listed Sheridan Ltd and his London address used as registered office for a number of companies dealing with CVI.

What could be a likely scenario if Tarkanyi does gain half of CVI? Split off Fortitude and sell it to another company? Is that why there has been no drilling on CdB.

And could Tarkanyi be a major shareholder of Pensador? ... IMO, yes.