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4.0¢ carnegie clean energy limited

Ann: Appointment of Voluntary Administrators, page-21

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colshrapnel

243 Posts.

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16/03/19

06:38

Post #: 37782362
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Originally posted by Jrdbull: ↑

I have a sneaking suspicion that when EMC was purchased they were trading insolvent. A CR was subsequently undertaken to prop them up. I think a lot of debt was hidden and CCE didn’t do proper due diligence. This business has been robbing Peter to pay Paul for a very, very long time. Nothing more than a Ponzi scheme!

Im sure ASIC are now well and truly all over this. It’s now up to KM to pull it apart and put Humpty together but I would not be surprised if we see Directors being held to account for trading insolvent.

A very sad and disapointing day for shareholders and creditors.

As as I have maintained all along, the only person who has benefitted from this sham is Mr Davidson.

I look forward to more more eyes on him and his involvement in the demise.

The Libs and Nats in WA have just called for a Enquiry.

Its on!

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Politicians have been involved and are partly responsible. Remember the OPTT grant many years ago? If wave tech is to work, it wont be in australia, it will be europe. OZ, US and UK will be the last to adopt the future.

CCE Price at posting: 0.4¢ Sentiment: Hold Disclosure: Held
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