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clock Created with Sketch. 06/09/17
20:58
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Originally posted by theraven
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I also believe that they have a strong portfolio, it is how they have historically treated the portfolio in dilution of shareholder to their own gain that is what I want focus on. Look back at the history of Quarterly reports and you will see the allocation of shares to their associates gradually that it pushes CFE off the books.
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At 30 June 2017, Cauldron Energy Limited (Cauldron) (ASX: CXU) held 8,944,910 shares in the Company (2016: nil) with a market value of $393,576. The movement during the year in shares held includes Cauldron’s participation in two separate placements to acquire 3,472,222 shares in EUR for $200,000 consideration. Mr Antony Sage is a director of Cauldron.
