CNN 6.25% 15.0¢ cardia bioplastics limited

Ann: Trading Halt, page-8

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  1. 11,646 Posts.
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    pear

    although I agree with your sentiment (and fuming about yet another CR) - the "fixed costs" are the one's killing CNN right now:

    Expanding into additional factories - installing additional extruders - is what has added millions to CAPEX.......at this stage none of us are told what actual OPEX is !

    Frank - release the reports that explain why the merger is good for CNN holders (having ensured for years that CNN survived, staff got paid and SH have lost a bundle in the process) and WHEN the new entity is going to produce an actual profit.

    Then I believe there must be outstanding sub holder notices - from the day 120 million shares got traded in November ?
 
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