It would appear EMC have been also misleading the market for many years. You only need look as far as old articles on WA Business News to see how long this charade has been going for.
Talk around $10m cash injections. Fake news. You only need look as far as old financials which are in the public domain because it was a PDF.
Talk around a $40m deal with NZ based Infratec. As I understand it they have done one project together. I’m sure if we looked under the skirt there would be a story.
Nothing further from the Sumitomo JV.
Eastern Guruma, subsequently went into administration, I wonder what influenced that?
Lendlease I feel was a attempt to deliver contracts because EMC could not deliver them on their own due to lack of credibility and bankability. It also gave Lendlease some exposure to the industry.
Looks like the old pump and dump approach. Paint a pretty picture, exploit shareholder money, lock in a good parachute and eject.
Lots of little fibs and big lies!
CCE Price at posting:
1.4¢ Sentiment: Sell Disclosure: Held
