Fillerina, page-22

I think DEck’s loss is $447,000 with a sp collapse of 44.7%.

Yep Dentie, D Eck is possibly in behind the scenes talks with the CEO to snatch CDY at 30c ps making it ‘look’ compelling enough to retail investors to rush to accept the offer, cut losses and end our misery.

Why would this not be a logical and defensible (by the Board), yet engineered, commercial scenario? The huge winners of course would be the opportunists behind the grab. Expect them, supported by the Board, to be heralded as our saviours by their disciples here. Don’t rule out a joint bid and management buyout.

At a bid of 30c ps a crafted 43% premium to the current collapsed sp the CEO’s friendly Board would also be able to argue that taking the company private (the end of public scrutiny and this forum) would be in the best interests of all stakeholders.

30c ps is 1.5c ps pre consolidation. What a joke. D Eck paid 38c ps 15 months ago for his $1m stating he was investing to make money. Why would he not want to top up at 30c ps taking the whole company for just $25m? Especially achievable with support from the incumbent cohort. Are we not looking at our financial ruin on this stock with this or similar manoeuvre? Time to be candid Board!