Hi again guys, Don't know details yet of options issue but word around traps is that it is fully underwritten, so someone has confidence in it. I, like some others, not that keen on share consolidation but will continue to trust new team. Again speculation but word was options strike price about 1.1c, 4 years and holders only having to pay 001. 1 for 3 or 1 for 4 offer. Word was also (and by todays action may be on the money) that big holders talking down stock as they will get option of getting any of the issue that current share holders don't take up. I have a large holding and hope like all here that management does deliver and install confidence back into this stock. I have always said I'll give it to financial year end for things to start happening, if it does I'll stick around, if not, then it's a nice big loss to offset some of my banking gains! However, I am still confident and these stocks are never ones for the faint hearted :)
CGP Price at posting:
2.0¢ Sentiment: ST Buy Disclosure: Held