50 cent takeover by COnglin. I think all of us would be happy to take that. THis company has dropped the ball. THe presentation by powell is an absolute disgrace. I am shattered that we turned down Conglins last takeover proposal.
I visited these guys at their humble office in Brisbane in June 2010 and they were certainly very positive guys. I was a bit hesitant about exercising options which I held. They pretty much convinced me to do so. WHich I guess was good advice but I should of sold out. Since that visit they have moved to the bigger end of town in Brisbane to more significant and expensive offices. Also decided to issue themselves some shares and give themselves an interest free loan which doesnt have to be paid back if the value of the shares falls>(which it has) I personally believe they just got ahead themselves.
2011 was supposed to be a great year for CAP but the only thing that will be great is that it will have the greatest percentage loss of any share on the market the way it is going.
I am carrying a huge loss now and feel very frustrated. Should of listened when the alarm bells started to ring.
CAP Price at posting:
27.2¢ Sentiment: None Disclosure: Held