CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia announces proposed merger with Stellar Films Group, page-9

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  1. 289 Posts.
    Stellar Films also registered Green Cabs.
    Possibly chasing the shell of CNN.

    Stellar films that way get to the market and the CNN revenue gets added to the core shell.
    Stellar is able to show profit possibly on their loss and on consolidation they probably head to the 10 cents mark.
    Add to that capital and a couple of large contracts and you have a runner. A possible spin opportunity.
    Not a good looking picture atm given that CNN was doing well standalone.
    Wait and watch for now.

    https://connectonline.asic.gov.au/R...earchIdType=BUSN&_adf.ctrl-state=12fh8mfv22_9

    http://abr.business.gov.au/SearchByAbnHistory.aspx?SearchText=33 090 713 876
 
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