CRO 2.33% 8.8¢ cirralto limited

way forward, page-6

  1. 59 Posts.
    Hi Scapingit, while I am only speculating, I suspect some new shareholders may feel the way you do which is understandable. This deal was incredibly bad for long standing shareholders, many of whom invested much of their life savings into the company and a 50 division would have reduced their return significantly. Don't lose faith though, there are many opportunities out there which the board should have looked for or considered before calling an EGM. In fact if the Cyprus report was put out before the EGM called, many opportunities may have surfaced as an alternative. In my opinion, the fact that many shareholders didn't want this deal and the report when released didn't lift the SP is indicative of this sentiment. Further, the situation is proof of poor judgement and does not bode well for this Board. IMO DYOR
 
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