Ann: Extension of Shortfall Offer and Public Offer, page-13

I agree with you that GWR and TGN are doing fairly well and I'd definitely be happy if CIZ got anywhere near their market caps ( 27m and 230m ) but to me this just seems like the homework assignment they forgot to hand in. I mentioned before Teck Wong is down like 800k, but he owns a large portion of TGN so he is a very wealthy man, he can handle a nice little tax loss from this.

I'm not sure where to from here, can they just keep doing extensions for another 6 months, surely the ASX would step in and tell them they're just pulling the piss.