I don't believe JRDBull is downramping or lying. I think his...

I don't believe JRDBull is downramping or lying. I think his points are valid, and I have thought much the same myself. Certainly the revenue projections stated when EMC was purchased did not materialise. We do not know how much of the projected revenue was existing contracts vs high confidence future business or just wishful thinking. We as shareholders were simply not told.

What actually happened?

• Delays due to election and change of Govt?
• High probability opportunities failed to materialise?
• Incompetent due diligence?
• EMC told porkies to CWE to get a floundering business sold?
• something else?

CCE has never publicly explained this. Why not?

One could also surmise that if CWE hadn't purchased EMC, then EMC might have folded when its partner in EMCK also failed. What a great opportunity EMCK was (and hopefully might still be).