I really wonder how a board such as the CML board can function when there appears to be deep seated problems between the directors themselves.
These problems appear to stem back to prior to the Yannon transaction being made public and things have been going fairly bad for CML since around that time.
Of course, this appears to have been beneficial to their main rival Woolworths, note I hold shares in WOW.
When the Yannon story broke CML was trading somewhere around $4.50 and is now trading at about $6.50, in that same period WOW has gone from $3.00 to over $12.00
Watch the bloodbath if Lew gets re-elected.
Surandy
CML Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held