Good morning posters, a lot of emotion here this morning and Id like to put my hand up to say how very wrong I have been in my appraisal of CCE ( up until now ). This was a Company that I went into bat for and have held for many years, I strongly felt that it had a future and was being run by a board of directors that had great business sense and were ethical people. So many questions, there is a moment in time, a line on a graph if you like which started to go into decline, I would love to know what instigated this change, I would love to know why the board seemingly had their eyes shut at this point, surely they could not all be blind. I've had a bit of a dressing down from some on this forum none more so than from Jrdbull and in hindsight I wish I could have had a bit of Jrdbulls foresight ( all credit to him/her for identifying the cracks long ago). As I've always said no one holds a gun to our head when we invest in these Companies, and I make no apology for the opinions that I held at the time. If I sell out today my loss will be significant, if I hold on and the Company goes belly up the loss will be greater so these will be my actions going forward
1) The complete board need to go and I shall vote accordingly ( with a caveat that unless the success of CCE's future is dependant upon a particular board member remaining)
2) I will vote to approve the sale of EMC, cant see any benefit in hanging onto it, need to make a clean break and hope that any TAG shares will be fruitful going forward
3) I will hold on to all my CCE shares and hope that they can rise from the ashes, I'm hoping that they have developed this technology enough that with the income stream from their interests along with R&D monies they can refocus and make something of this debacle. They sure as hell need divine intervention because I would imagine that as they are on the World stage then they will be judged accordingly
For me I can withstand the financial loss, the bit that hurts is the deceit and in business trust is a dumb
trait to own
Cheers to all
CCE Price at posting:
1.8¢ Sentiment: Hold Disclosure: Held
