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 ?
CNN Price at posting:
0.2¢ Sentiment: None Disclosure: Held