CVT 0.00% 1.5¢ covata limited

This to me says they have given up on anything they own having...

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  1. 205 Posts.
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    This to me says they have given up on anything they own having any value.  As a last ditch effort they are going all in on a massive raise to try buy something that does have value.  That being the case what need is there for any current directors or staff,  why pay for them the target has been running just fine without them. 
 
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Currently unlisted public company.

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