copy of the text of an email sent to the company admin today...

copy of the text of an email sent to the company admin today


Dear Sir / Madam,

I am a shareholder in CDU.

Please distribute this e-mail to all members of the executive of CDU for their perusal.

Can I have simple answers to simple questions?

I, like perhaps every other shareholder in CDU, am stunned at the continued delay and suspension pending the release or compilation of the Financial Statements for the six months ended 31 December 2017.

Isn’t it the duty of the company to continue with good business practices by keeping abreast of company finances etc?

Isn’t it the duty of the company the board of directors etc to keep clear and accurate and contemporaneous records?

Has some dire event taken place within the company record keeping systems which has caused this delay? Such as the death or absconding of a key employee who may have had a dossier of relevant information which has subsequently gone missing?

If not, has there been some gross incompetence in the method of preparation or storage of the information or execution of data collation such that the board is not comfortable to release such information?

Subsequent to this have the systems/ personnel in place been repaired or restored so that the next financial statement is available on time? ( this is a forward looking presumption that there will be a next one.)
Please feel free to distribute this email to the board members, including the chairman of the board,  the company secretary and anyone who is competent enough to be able to give a succinct answer.

I would dearly love to hear from the chairman of he board on whose head responsibility for this whole issue resides.  

I await with baited breath for a succinct reply but I’m sure that I will get no satisfaction other than some stock reply such as the announcement will be made by 7^th June 2018.