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08:58
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Originally posted by msn81
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Assuming the listing fees get paid then - as there is now a DOCA (Deed Of Company Arrangement)...CMY will likely be scrubbed down - all assets sold and all debts paid off (monies owing to other companies) under this agreement.CMY will then be put up for sale , someone may offer $1ook or and buy up an ASX listed company (shell) - CMY will have not much left after the administrators getting paid out."Wow, 1 Billion shares outstanding, lets consolidate that" Like Pro Capitalism says, for current holders your shares are worthless.
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So you're saying the market cap will shrink to $500? Don't be ridiculous.
