In response to my email sent to COF, I was contacted by the MD of the company who was more than happy to listen to my concern regarding the recent steep fall in the the value. Roger Olds is not aware of any instos withdrawing financial support from the company and believes the recent drop in the sp price is purely sentiment driven as a result following COF's market update to the ASX on April 29th. He understands the concerns shareholders are currently harboring and regrets not having sent out letters to shareholders stating the management's position with regards to the present share price situation. Since there has been no change in COF's operational activities reported at the end of April, there is no reason for further updates to the ASX. I was assured that COF remains in a strong financial position to continue fulfilling its contracts to their clients now and over the longer term. As a result of our conversation, I feel somewhat relieved and positively comfortable about my investment in COF. Please, this post is for your information and it is not intended as any sort of ramping the sp.
COF Price at posting:
98.0¢ Sentiment: Hold Disclosure: Held
