Its a pity that many of this forum have developed a slash and burn mentality as far as CCE goes, its a bit like being a member of a football team, when the team is winning the coach is a Messiah and the players are gods however if things are looking a bit grim then its a case of sack the coach and trade the players. Looking across a diverse range of stocks on the HC platform I see it is littered with posters that express the same thoughts if their particular stock is not performing well or maybe they feel that they are not receiving the info as often as they should, I feel that this is a reflection of the society within which we live being a very much "I want it now society". I guess for what its worth this is how I see the situation IMHO Transparency
CCE are very much pioneering a technology in a space in which is, as yet, unproven but we all know this and we also know that there are casualties within any experimental venture irrespective of the chosen field. I feel that to a large degree it is imperative that CCE hold their cards as close to their chest as needs be, unfortunately that comes with the price tag of not being able to share as much of their knowledge with shareholders as we would like MO
Some say that his remuneration is too excessive, Hmm I have no opinion on this other than to say that he is working in a World leading Co trying to finesse a technology in the renewable energy space (at the moment in the face of adversity) for the benefit of all and yes the return on our investment does seem a way off yet which is a little disappointing but then I think about the Dominos Pizza CEO who took home a reported $36,000,000 last year for overseeing a bit of tomato, cheese and Salami over a pizza crust and I muse over the comparison. Maybe todays remuneration is again a reflection of the society in which we live where we expect as a part of our employment conditions our entitlements!! being RDO's. sick days, (accruing if not taken) annual leave, 17.5% leave loading, long service, Super, compassionate leave, public holidays, retention leave etc. All of which are unsustainable in this Country IMO (Im self employed by the way and get none of them) Value for money
As much as anyone I would love to know the finer details of the EMC transaction, on paper it looks like an error of judgement or poor management on this occasion however as I pointed out to poster Brahms We don't know the full story and probably never will and that may very well be in the best interests of the Company and the SH. at large. Whilst the rules and regulations of governance may say one thing it would be a naïve SH who thinks that we are going to be advised every time a nut and bolt is tightened up and I bet my back teeth that this is the case across most Companies. In my view that doesn't make the board incompetent that just means that in the attempt to fast track CETO development it hasn't worked this time and perhaps the best way forward was to suffer a loss and weather the storm by selling EMC to TAG ( who probably knew the CCE situation and took advantage of offering a less than desirable price in a limited field of suitors ) the result of which gave CCE SH an option in both areas of RE. This then allowed CCE to re-focus on being purely a wave Co The way forward
I think it was poster Gekko that said " Lets get a product out there even at entry level" well I disagree, we have come too far and are too close only to fail at the last hurdle as a result of appeasing some SH, for me the end result needs to WORK, it needs to be tried and tested, I don't think CCE need to have its product put on the World stage for all and sundry to scrutinise until CCE are ready. If CCE fail, even at entry level, then they are toast.
When I invested in CCE it was largely due to the involvement of one of the directors who is nobody's fool I recall reading a story in I think the AFR which quoted said Director as making the comment "I think this venture may just get up" and I may be wrong, but to my knowledge this Director has not sold 1 share yet, this along with the involvement of EGP by way of investment into the Albany project tell me something, I'm sure that they would be more aware (along with others) of the reasons behind the EMC situation that what we are and maybe they are accepting of what's happened Conclusion
I'm sure that some posters will disagree with this post but C'est la vie, I think all posts add to the value of the sentiment behind this investment in particular Mega who has remained steadfast in his approach to making comment, in that there has been no attacking of the management and he has provided a plethora of information for us all to digest and take out of it what we will, after all this IS a spec stock and we know the risks, a loss is only a loss when either you sell your shares or the Company go broke and I don't see either of those happening
GLTH
CCE Price at posting:
2.1¢ Sentiment: Hold Disclosure: Held
