How can a company with any credibilty have a cap raising at 4c then 2 weeks later annonce a maiden profit and then just to make it even more ludicrous announce a share buy back because the stock is too cheap???
Why wasnt the profit news given to shareholders before the rights issue? Because the directors wanted all the stock. If the price is too cheap why cap raise when your profit is only weeks away???
Why is there no mention of how the profit was achieved or is it sustainable??
I have asked Bass these questions with of course no response.
Its a disgrace and ASIC should act.
Disgusted
gmc
CMC Price at posting:
4.7¢ Sentiment: Sell Disclosure: Held