All I am saying is that in 20 years of investing, I have rarely seen such a high reward to a broker for such a dismally massive discount.
... and this is straight after the Chemours ann.
I have a long term view on this company (and my investment is still in the positive) but given the state of play, the board and CPS should have got this away for 15 to 20% disc max.
The sheer speed which this was taken up is undeniable proof that they went way too cheap.
Sack CPS and sack whichever board member did the deal with them.
I don't mind if companies go straight to sophs for funds (at a discount) as this is often the cheapest option. But 33% disc with fat reward for CPS is either corruption or stupidity, take your pick.
UTR Price at posting:
2.6¢ Sentiment: Buy Disclosure: Held
