They need to update shareholders with something more than what has been announced to the market.
Their history of delivery is terrible, management of assets and cash reserves is horrendous and it appears that the survival of the company depends on this deal. We are nearing 3 months off the market and there is no indication that anything has progressed.
This is the 8th extension to the trading halt and we have no information, the ASX may soon query the trade status of CFE soon.
CFE Price at posting:
1.6¢ Sentiment: Sell Disclosure: Held