It's unbelievable that these things are happening in Australia.
I realised this stock when I was trying to find out M Walker stock in Sept. last year. He sent a notice of extraordinary meeting to CDB management but they issued a lots of shares to others (believed to be their associates) and dropped MW's substantial shareholding down, them MW's notice was cancelled. They I gave up buying any shares of CBD.
Now after reading all this nasty information I don't understand how those people still keep managing this stock market company.
I think MW is still a shareholder, he could do something to bring a new life to this company if these guys left the management to him.
Or... God should help out the shareholders if ASX or ASIC can't do anyhting!
CDB Price at posting:
0.9¢ Sentiment: None Disclosure: Not Held