I miust say DYOR before I start this. As it is purely opinion and my understanding on timeline of this catastrophe from key points only...
WM appoints PH as Managing Director. Sahreprice dives from $10 to tradeing halt at 80c~~
WM gets fired.
PH gets fired. DC Appointed Managing Director.
PH gets appointed CotB.
DC forced to resign as Managing Director by PH?
PH appoints MG as GM. Shareprice drops to ~30c?
JG appointed CEO.
JS appointed GM-Processing. Price rises to ~40/50c
JS resigns for legitimate personal reasons. Price drops to ~25c
MG resigns during trading halt.
Directors resign during trading halt. Multiple managers/SSE's resign due to Board influence over operations making the managers seem incompetent. As per MRE issued June/July.
CEO resigns during trading halt.
MG appointed "Special Corporate Consultant" to assist appointment of a position higher than he has ever held.
New SSE/GM appointed with seeming ties to PH and previous management.
Have I missed anything? :| It really does not look like it has anywhere to go but down and forced into a private owner who is cashed up to buy out shares at 50c on the dollar?
I am watching this with morbid fascination as I am sure others are.
CDU Price at posting:
23.5¢ Sentiment: None Disclosure: Not Held
