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3.9¢ carnegie clean energy limited

Hi Wallstreet Some good points, and again so many things we...

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Tizard

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32

09/09/18

19:48

Post #: 35484395
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Originally posted by wallstreet2 ↑

Maybe all is not lost with the ENEL 's (EGP) collaboration with CCE on wave energy (Refer to CCE's announcement of 31/7/18) . MAYBE --- MAYBE NOT ?

BUT what does "Collaboration" mean in this situation ?
As per CCE's announcement of 31/7/18 EGP have "invested" Euro 1 million (A$1.6 million) in the research, development and deployment of the CETO wave energy technology.

-Does collaboration mean that EGP have Gifted $1.6mil to CCE --- very unlikely
-Does it mean that CCE will issue shares to EGP , and if so at what price ? as dilution will impact existing SH
-What does it mean ??

What will the financial structure be between CCE & EGP ?As per usual Management are very obscure or vague on detail. Is this due to an oversight by them or was it intentional to not disclose to existing SH , and WHY ??

What is CCE ( existing SH really) giving away for this Collaboration ? Are we giving away the farm for a short term cash flow fix ?

ASSUMING THE CCE/EGP "COLLABORATION" IS SUCCESSFUL IN DEVELOPING AND COMMERCIALISING CETO THEN WHO GETS WHAT AND HOW IS PIE SPLIT. EXISTING SH HAVE A LEGAL RIGHT TO KNOW THE FINANCIAL STRUCTURE OF THE COLLABORATION UP FRONT.

Now, given the financial debacle with the EMC purchase and sale ,one could begin to think that the sale of EMC was not because it was not an economically viable business , BUT maybe for other reason(s) . After all if EMC can grow under different Management why could CCE not achieve the same growth ?? It is not rocket science .

Given the non disclosure to SH of the CCE/EGP financial structure and the falling share price , again one could be cynical and take the view that something underhanded may be taking place. One could take the view that when the SP is low enough EGP will make a silly offer and buy out long time sufferers for a SONG, and MO could secure himself a job at EGP to continue the CETO journey (as the existing CCE Management may have finally come to the realization that Capital Raisings in the future will be near on impossible).

Maybe that is the reason EMC was sold in a hurry for bugger all , just to wipe the CETO "slate" clean prior to proceeding to what is mentioned above.

This CCE/EGP Collaboration could be the ultimate insult and potential death knell for existing SH.

Who knows ?? But SH need to question the Board on this issue and get answers to all of the above prior to approving the sell off of EMC and put them on notice publicly so that they can never deny things later.

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Hi Wallstreet
Some good points, and again so many things we don't know, but I keep coming back to the point that the board members are all wealthy people I wouldn't think that there are clandestine moves afoot plus again as far as Im aware none have sold any shares yet if things were looking grim why not?
Cheers

CCE Price at posting: 1.5¢ Sentiment: Hold Disclosure: Held
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Hi Wallstreet Some good points, and again so many things we...

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