Yep and they'll be hanging around to extract maximum value from CPB. As for the retail holders, only 400,000 shares were sold into the offer (1%), big deal. Greg Kilmister is confident they have the backing of other insto's, well if that's the case, call your offer final. Let's really see how the chips fall.
For any holder that isnt sure what to make of all this, look at this website.
www.nearmap.com
punch in: Macadam Place - Balcatta
Now look carefully at the T-Junction where the new Ammtec building is going up. There is a "change the date" function on the screen, have a look over the past 6 months and you will see why management are talking up the FY2011 figures.
The latest date is a month ago and like any building of this nature, its progressed quickly. Look back with the dates and see how small cars are on the site, it will give you a perspective of how big this 2 storey building will be.
The building directly north of this has just had its re-fit completed (check this against 2nd March and look for the new roof). The building directly across the road is the new building that shareholders put money into 18 months ago. The building directly north of that is the original laboratory.
So when CPB tell you that management cant be trusted with their FY11 figures, you will now be able to see with your own eyes that this is clearly achievable.
No wonder CPB want to take AEC now, its on the cusp of making real money. We are worth much more than this offer and the board is clearly telling us this.
