Right on cue with your comments JRD.
I have been going on about all of the negatives with CCE for over a year . I bailed out progressively from around November to early March at a significant loss. It would have been much worse.
However the business activities the Company undertook (such as the acquisition of EMC, proposed funding of the Northam project, the status of CETO 6 approx 18 to 24 months ago etc.) and comparing the way these transactions unfolded operationally & the way they were funded, to the announcements they made to the market and to Shareholders beforehand , which is a disgrace and could be classed as misleading.
Regulators such as ASIC need to investigate all activities and public announcements over the last couple of years and take the necessary actions to bring Management and the Board to account.
I would suggest that aggrieved existing shareholders should initiate contact with ASIC and top Lawyers to initiate a class action.
I would sign up to that .
A lot of shareholders monies have been mismanaged by Management & the Board, and quite frankly it is difficult to see how the Company will survive from where it is today.
CCE Price at posting:
2.3¢ Sentiment: None Disclosure: Not Held
