RE: voAfter holding a Sh*t load of CYP and SYH for many years I have dipsosed of all of my SYH shares over the last two weeks. I have moved all the proceeds to CYP based on the overwhelming "no" vote postings on here. I would rather get 1.5 cents now than lose it all.
Good luck to the other longs but I really do not expect management to put any funds in or to even try to keep the company alive. The company has negative cash flow right now and 98 Group continues to charge their fees and pay the costs (creating an increasing payable) which will be used to transfer the properties out. Given the results todate, they will simply wait to pick the bones and shift the properties toanother company for next to nothing (the $250,000 for 2.5% was before the last set of bad results).
At the end of the day the properties will be moved to 98 Group for outstanding debt. All a no vote does is ensures that no drilling is done by CYP on the property until the SYH is put to rest for good which will take a while (to ensure properties can be transfered out with no reprecussions from the exchange)