Firstly Coglin and ASI have to say publically that there is no connection, otherwise they trigger the takeover provisions of the 20% rule and are in all sorts of trouble. This statement really means nothing. It cannot be in the interests of the majority of CAP shareholders for the main parties trying to acquire a majority interest in Howsons to have a controlling interest in the Board. Make no mistake, if the two Chinese parties get a majority on the board, they will act together and rape the Company. Competitive tension is the best chance for existing shareholders to get the best outcome. I think the shareholders are well served by the current board.
CAP Price at posting:
23.3¢ Sentiment: Buy Disclosure: Held