CMV 0.00% 0.6¢ cma corporation limited

i like it, page-11

  1. JID
    3,568 Posts.
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    I really feel for you loyal holders.

    After bailing about four months ago I have still been following the fortunes (or otherwise) of CMV for a possible turn-around.

    There are two issues with holding CMV currently IMO:

    1) The fate and prospects of the company; By all accounts they are not looking good and the cash-flow must be very scary. Best case scenario here if things don't turn around quickly there may be a low-ball takeover from Scholz or more equity dilution. Worst case scenario... well...

    2) Whilst loyal shareholders are still holding CMV waiting for a possible turnaround the ASX is going off. Opportunity cost is high for those investors who would otherwise have their money invested in other ASX companies that are currently going up.

    DR's statement about long term shareholders exiting was a bit insulting. No apologies, sympathies, commiserations, etc. There are sound reasons why shareholders, previously loyal to CMV are exiting...

    Good luck to all loyal holders, but IMO a dead horse is a dead horse...$$ are better utilised elsewhere.

    Cheers
    John
 
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