CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Cardia announces proposed merger with Stellar Films Group, page-35

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  1. 4,015 Posts.
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    Hi Mackattack

    Just one more reply. What is a publically listed shell company worth? Between $700 K to $1.2 Million. CNN at this stage has zero value aside from the shell. It keeps burning cash, it keeps making losses. All it has is blue sky. Consolidate at 10 to 1 and if no improvements come out then by your own argument the price will drop back to $0.002. That would be its true value.
    $0.002 has been around so long now that it a floor.
    Show us the money first! Then consolidate.
    But in any case, it is all irrelevant. In my view, we are being sold out.


    Pear
 
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