re-list ccu campaign gains strength

It might have been quiet here on H/C over the past week, but that's because Nigel Goh (gelxi) and his growing group of supporters have been very busy on a number of fronts to build the base and plan the next stage of the campaign. There have been some major developments over recent days.

While the inability to directly contact all 4,300 shareholders has been a frustration, the ninety plus who have registered on;

http://re-listing-ccu.forumotion.com

indicates there is plenty if interest amongst shareholders for a recapitalisation and re-listing of CCU.

Some notable developments
1) Involvement of savvy legal minds with sage advice.
2) Investigation into actions of the board and management over the last 8-9 months.
3) Complaints lodged with ASIC over potential breeches by Board.
4) Contact with other significant players.
5) Contact with and indication of interest from debt funder.
6) Potential for significant new funding from potential cornerstone investors identified.
7) Press release and contact with media.

The 2nd creditors meeting planned for this coming Friday (May 2nd) has now been postponed to later in the month.

The Administrators have been presented with a DOCA proposal by founder and former Chairman Ian Lawrence. Most members of our group agree with Ian that there needs to be a "clean-out" of the board and senior management.

Nigel and his team have made impressive progress, and with interesting developments possible over the coming days and weeks, all shareholders who have not yet registered their interest should join the forum ("Important Thread") and indicate their level of support.

alpaka