Today's announcement confirms the claims I made in my last...

Today's announcement confirms the claims I made in my last post.

In light of the way the CEO has ramped the stock to the media in order to get a rights issue over the line, I think most sophisticated investors would conclude that CYU management lack integrity.

The contents of the Age article should be taken with a big grain of salt; the inferences of the article may well have been intentionally misleading.

Shareholder's had better hope that the company's statement today holds water; otherwise ASIC is likely to become involved.