CRO 2.33% 8.8¢ cirralto limited

I believe all on this MOT forum are missing the main...

  1. 755 Posts.


    I believe all on this MOT forum are missing the main points.

    Shareholders hat have been in MOT for the last 7 years or so have not been represented by directors who have been representing ALL shareholders interests. Not all directors have been in this category but the majority have been.

    Current Board, Management and HC rampers have stated that the company is in change and transition. Fantastic for us all if this is the case, but to date there has been no evidence that this is the case or is going to be the case.

    Announcements from this new regime have not happened nor been adhered to and it is quite evident old long tern shareholders are being diluted.

    In the past salary and consultancy fee expenditure far exceeded income. Researching some of the new companies and their associated partners there appears to be many on the payroll and agents that need to be fed before MOT will receive any income. Also the fact that they have not had the funds to get up and running and been reliant on loans to start up is a worry.

    The large number of shares issued and to be issued to these new entities that MOT is to manage does not make good business sense. Now that cu2 Global has been issued 155 mill MOT shares does that mean that we NOW own cu2. Whatever it means, these shares should NOT have been issued as they have been. The shares should have been % performance based and escrowed for a 2-3 year period.

    As someone posted here, what if these companies do not make a profit MOT receives zilch.

    Trust is not a rite, it is something that is earned.

    IMO DYOR

 
watchlist Created with Sketch. Add CRO (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.