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07/11/18
11:09
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Originally posted by MajorJohnny
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This week since latest update regarding IKON Case , it seems the larger parcels exiting and entering may be of mutual agreement . Taurean7 previous post further validates this theory in my opinion .
SYDNEY, 31 October 2018: Cellmid Limited (ASX:CDY) (the Company) has today shared an updated investor presentation and has commenced meetings with new and existing investors in Melbourne and Sydney following strong performance in Q1 of FY19.
The verdict of IKON is hardly surprising considering the publicly available material regarding the IKON proceedings for the past few months which is why the sp may of been sold down
since then .
The timing of these new and existing shareholders is good for the company employees considering the resolution voting and the up coming AGM . The timing for Shareholders is very disappointing considering the latest news and that many Shareholders holdings have been decimated . It has been a very difficult time for Shareholders .
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I wouldn’t jump to any quick conclusions MJ. The judge had the option of awarding costs and chose not to. The announced decision retains Ikon’s public and professional face, but how costs are to be met has been left to negotiation away from the public eye.