CMV 0.00% 0.6¢ cma corporation limited

According to TPI's terse release TPI will not be pursing CMV....

  1. 206 Posts.
    lightbulb Created with Sketch. 3
    According to TPI's terse release TPI will not be pursing CMV. Release says a confidential discussion took place regarding a highly conditional, script based proposal, required refinancing of CMV debt.

    TPI seems pissed that CMV leaked the discussions. There is a clear conflict between CMV and TPI regarding whether pricing took place. IMO, TPI are all but accusing CMV of dishonesty.

    Would be good fun in the boardroom with TPI's 2 nominees sitting in the room! Could be fireworks at the AGM.

    IMO, don't bank on TPI as CMV's white knight.

    And I wonder if TPI will still sell scrap to CMV.
 
watchlist Created with Sketch. Add CMV (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.