I have thought about my post earlier today, wondered whether it makes any sense at all to post anything. Wondered whether it was too harsh but I lost a stack of money, came in at $0.25, exited at $0.03. Am completely frustrated. Who listens and who cares other than DDT monitoring the HC traffic. You know, the board are culpable totally, along with Bottle. They employed Bottle, Lord knows why. The market knows there was a lot of politics with a Singaoporean shareholder, the previous Chairman and the previous founder/CEO. This is well known in the markets. We know Bottle was employed as COO and then to CEO after the demise of the previous founder/CEO and from then, the company went South. Bottle had no idea at all, clueless and the board was as clueless as Bottle.
Shareholders need to ask questions not sit passively at AGM's and cop the BS that is put up by a CEO and the Chairman. Go back to the postings of this last AGM and see the Chairman's congratulations to Bottle for a "job well done" It is only 2 months old. It is a totaly naive approach to a listed company and shows complete contempt for shareholders. There should be a shame file for directors. ASIC should take a close look at this disgusting episode. I unloaded my shares a long time ago, kept reading Hot Copper but have shaken my head at all the postings saying what a great job the company was doing and the "Mecca" was just around the corner. The corner has now lengthened into a 10 km straight and beyond, it is now called infinity. 500 million shares at 2.7 cnts, $1.1 million loss for the first 6 months, revenue down 30%, cash in bank savaged by $1.2 million to finance useless trips around the world for seeds, this shows complete incompetence by the board to believe this tripe. Now globally, no Tsumani's, no GFC, no nothing, just complete incompetence from management and board. Surely there needs to be an investigation and to say the company will be now run by a committee of people who are new and also old management, well it is absolutely purile and shows a total and complete lack of any understanding for any business going forward let alone this disaster. It shows a complete lack of respect for poor suffering, current shareholders. This company is a disaster and is doomed. There are major global competitors in the market place and will drive right over the top of poor old mismanaged and ill directed DDT.I will enjoy my time in London watching what unfolds. It won't be pretty. Last one out, please turn off the lights.
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Change
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Mkt cap ! $3.632M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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9 | 3266350 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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0.4¢ | 171990 | 2 |
View Market Depth
No. | Vol. | Price($) |
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5 | 1684641 | 0.006 |
6 | 6276315 | 0.005 |
4 | 1430000 | 0.004 |
3 | 3296262 | 0.003 |
8 | 8550000 | 0.002 |
Price($) | Vol. | No. |
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0.007 | 979869 | 3 |
0.008 | 3300000 | 5 |
0.009 | 181061 | 3 |
0.010 | 757593 | 4 |
0.011 | 300000 | 2 |
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