CT1 0.00% 0.2¢ constellation technologies limited

Ann: Change in Board & Senior Management, page-12

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  1. 49 Posts.
    lightbulb Created with Sketch. 15
    Agree Mauombo. Time for CT1 to provide shareholders with an update.
    I'm just surprised the ASX hasn't sent the company a list of questions.
    As retiredyoung pointed out, SPP funds are not enough to sustain the company for much longer .
    Shareholders need to be advised.

    FGF (which I hold) made a $250k investment in CT1 in July 2018.
    In their Dec 2018 Quarterly, FGF stated that CT1 is "highly strategic".

    Anoosh Manzoor is the Executive Chairman of FGF and NED at CT1. He doesn't look like an amateur director.
    Manzoor would've known CT1's position in the lead-up to releasing the FGF Dec QTRLY on 31 Jan 2019.
    You'd think something is cooking... else why would he position CT1 as he did???
    FGF is facilitating quite a few investment deals. I hope CT1 is one of them!
    There's certainly appears to be a lot of synergy between CT1's capability and FGF's portfolio.

    With EDs gone, the NEDs must have a plan. They need to tell shareholders what the plan is.
    CT1 has mentioned acquisition and funding options to shareholders of several occasions.

    On 24 Dec, CT1 said "the company is in advanced, thoughas yet incomplete discussions, regarding a material corporate transaction".
    And we haven't heard anything about this 'material' transaction since.
    But then we get told on 9 Feb, "the board is reviewing a number of strategic acquisitions".
    My tip for the floundering board: just settle on one, and get it done!
    On 24 Jan, CT1 said "the company mustaddress its capital requirements".
    And any time now would be good.
 
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