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EGM! What do you think? (CFE)     

laurie squash - 04 Oct 2006 10:10

The sp is still going up but what is really happening?

cavman2 - 04 Oct 2006 10:56 - 2 of 3

Get rid of Bobby, he has done nothing for shareholder value and he wants to dilute our holdings again.
HE HAS TO GO.

siwel111 - 05 Oct 2006 10:43 - 3 of 3

Barty has "secure" voting rights over a relatively small proportion of the stock unless he has gained voting rights from some major holders. Everything else is from a loose coalition of small holders who may or may not follow through with their support.

With so much riding on the outcome of the EGM, Barty needs security which means stock.

Hash by default has voting rights over a high percentage of the stock, again assuming some major holders have not fallen into Barty's camp.

For Hash to beat Barty he simply needs to temporarily spike and maintain the price beyond Barty's reach. As its so illiquid now, it will not take much buying.

For me its simply a trade and I wont be backing Barty, I much prefer he buys on the open market. To be honest I hope Hash follows suit. In fact anybody who is trading this and not in for the long term should NOT fill the form in,simply sit on the fence and let one or both of them buy the price up.

Barty's options are limited. He can not sell the volume he has aquired. He could sell a few and try to shake the price but I for one would buy. He could just sit on his holding but would then be diluted by Hash until he sells or becomes irrelevant.Or he must keep buying.

Its not often traders get such a public situation to profit from.

Dont commit......Withdraw your support

Force buying on the open market

If Barty wants control through his appointed Directors then make him pay the price.
If Hash wants to retain control then make him increase his holding.

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