I used to hold a very large position in this garbage..
I would speak to Dom every 3 months and get updates.
"All on track" excuse the pun.
The last phone call was October last year before he off loaded the 5.5 million shares.
Makes you wonder how the institution took them off his hands, unless the shares were lent out previously by Domenic when the share price was 0.22- 0.24 c
Anyway the insto is down 83% assuming there was no stock lent out previously.
I bailed and took a capital loss to offset gains for last financial year.
As others have mentioned, always research your directors and check their remuneration.
If it smacks of greed, then there will be no consideration for retail holders when running the business.
I've lost $90k placing my faith and belief in Carosa.
Never again would I touch another company that he is involved with.
Cheers Lute
CM8 Price at posting:
3.2¢ Sentiment: Sell Disclosure: Not Held
