Does have a point on all the below:
"What I don't like is the following:
Management have no track record or successes.
The company has no broker, just an unknown corporate advisor, also with no track record.
No research, apparently the broker who used to cover it sold out and pulled his ratings last year.
No institutional investors
No anchor investors No investment bank
The cobalt specialist walks away, so does one of his partners. something doesn't add up here, and then the MD steps down. Doesn't smell good."
Interesting meeting in Zurich on CLA, page-3
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