Well I'm more interested in the effects of the cap raising at 40 cents? The last cap raising that they did, at $1 shares ended up at a $1 basically on the day, and then ended up going under the cap price raising share prices anyways... obviously today they are at 50cents.
I wonder if Crescent just want the company for themselves, they were gentlemen at the first instance and offered $3.45 and now have practically destroyed the share price to take it by force. I would just love to know what they are up too... Would they have the nerve to put in a TO at 50 cents perhaps and take the whole thing? Or do they actually want to spend the next 3-5 years rebuilding it. Being on the board are they diluting the shares as much as possible so they can cease more so the share price doesn't have to go back up to $3-4 just $1.50-$2 and they can wash their hands and be done with it. I feel like the whole thing is fishy, and that there's a massive focus on CDD but we are forgetting to look at Crescent. I disagree with the thoughts that they made make mistakes also, or that they weren't prepared for a situation where they would make the share price dip. Especially doing the previous cap raise at $1 when shares were almost $2. They could have just done a massive cap raise in the first place, and not risked profits to be so low especially if they knew US operations were terrible.
DYOR with this one, I feel like there's money to be made on this one.
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