Gordax - The expanded equation is “CGA = Boubouras + LICs + Switzer + Taylor Collison + Rankin + Naos + GW (via his significant holding CTN)."
Key is confidence in Boubouras. If one of TC or Rankin or Switzer lose faith in BooBoo, then its new jockey/ trainer. Many other permutations possible also. CTN shareholders can revolt, aided and abetted by GW. 60% ? of CTN shareholders did not vote at the extraordinary meeting that removed old directors. Key voting bloc was delivered by TC. The 60% can be galvanised. TC will be happy to desert a sinking ship?
Follow the $$. Whoever has significant money involved will seek to protect it.
Follow the pride and ego . Whoever has significant reputation risk involved will seek to protect it.
Spring carnival has begun
CGA Price at posting:
88.0¢ Sentiment: None Disclosure: Not Held
