Downanout......many possibilities. 3 shorter odds ones.
1) dramatic downsizing of CGA as per previous announcement 25/9/2017 - to match reduced cashflow, fiery cash burn, and fragile balance sheet. No doubt, this will receive the George BooBoo treatment and be announced as amazingly positive.
2) CTN buys CGA - that will be the third time, the first two times were in half chunks each. So anything is possible. Yoda agree with you. That would be a bad deal. If you check other HC posts by Yoda, you will find one where Yoda compares with recent Investors Mutual sale to Big European with deep pockets. Most of the share price of $1.00 for CGA (at that time of posting) represents hot air using Investors Mutual comparision.
Remember that CTN also invested a large chunk in the CIE float?
If CTN shareholders no like it, they can take the usual route to overturn or object. Of course, the larger the vote, the more likely the success. GW, come on down.
3) if the real powers (Rankin, TC and Switzer etc) conclude that BooBoo is a walking disaster, then they will want to protect their $ and rep. Arranging for CGA to buy NAOS the fundie using CGA scrip could solve their problems. Reverse takeover. BooBoo and significant CGA staff removed. NAOS runs the show. Much better historical performance numbers. Lean team running more than $500m of high fee, sticky LIC money. Hell, maybe even rebrand as NAOS. Better brand name. The Board of CGA could do that if they no longer have confidence in BooBoo.
Sounds like you are feeling much better, Downanout. Toast to your continuing good health.
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