Cce looked great vs evm. Now not so much. I’m on both too.. hope is used a lot on evm and it seems now after the emc debacle that we’re gonna need hope here too.
I didn’t like the pivot with emc and to not see the revenue and potentially profit on the books for the last two quarters I was concerned. This is basically now showing us all why nothing came through. I think there were good intentions and something was missed or overstated. The accountants aren’t stupid so hardly think it was an error. I suspect the valuation was basically an Enron style valuation where someone overstated the income from future projects.
Suspect people will have already contacted asx and asc for a please explain hopefully it doesn’t lead to a suspension as it has with evm.
CCE Price at posting:
2.2¢ Sentiment: Buy Disclosure: Held
