The worst bit of this deal was the one for ten entitlements....

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dolcevita

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11/06/18

12:44

Post #: 33632053
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Originally posted by buddy134 ↑

There is no two ways about it that, like you, I am of the strong belief that we have been had well and truly while someone secured themselves a good paying job for the rest of their lives.

If it wasn't for our $30 million dollars transferred into CMMC's Bank account, there would have been no drillings done there in Canada IMO, let alone if they were to survive at all.

Some of those promoters (Supposed to be German they were saying), were pushing their own barrows at full bore while even telling us that Mitsubishi were paying all the money they would have needed and even supplying the money to start the mining here in Australia. But guess what, that was only coming out off their mouths but nothing from CMMC itself. All made up BSA stories, that's all. Perhaps someone was even paid a fee for selling us their own stories.

And now we have just come to realise that, even though we are supposed to own about 30% of CMMC we can't even vote for anything they do, let alone electing or objecting to the election of some directors or the formation of the Board.

I wonder if that was done for the sole purpose and intent that the disappointed shareholders in Altona wouldn't be allowed to vote against his nomination/position as a Director in the CMMC Company's Board. Not 100% sure but quite possible you know.???

As I tried to warn everyone before the actual SoA was finalised, what happens in that part of the World doesn't or isn't allowed to happen anywhere else.......and it seems that they can get away with it all too while the shareholders get skinned alive and the Regulators are totally blind.

I also made a mention to what happened with MPO when they decided to move to Canada and appoint Directors, Executives, and whatever else was needed to run the company from there. That was a total disaster but shareholders fell for the gift of the gab and walked away sore and sorry.

I could write a book about my past experiences about what happened with my investments in North America and the boiler houses located somewhere in Asia which some of these people were using to screw money from unsuspecting investors, but it would be all too boring as there are no different endings. All turned out to be bad................Every single one of them.

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The worst bit of this deal was the one for ten entitlements.

We're supposed to be happy with something that even the independent valuer
said was unfair!

Naturally they're smashing us on voting. How predictable.

The smug allies of the company are in here shoring up the crowd and ridiculing anyone who shows signs of being onto this.

Of course they were VERY concerned when there was still a window for legal challenge.

There still might be one. It will take about 3 years for that to disappear.

C6C Price at posting: $1.34 Sentiment: None Disclosure: Held
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The worst bit of this deal was the one for ten entitlements....

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