Or maybe they did release the statement on time to the ASX, the ASX read the statement prior to releasing to the market, found some interesting claims, forwarded their suspicion onto ASIC and then ASIC have requested the directors explain their statement in more detail before allowing the release and I can’t post the rest of my theory but I’m sure you can figure it out!!
I’m still annoyed the directors lent out all CMY funds to other companies at 8% pa on a three month contract and then did a capital raising at 60% below market cap to pay the bills, that’s fairly incompetent company management is it not?
In fact that’s not incompetent that’s disgraceful!!
CMY Price at posting:
0.5¢ Sentiment: Buy Disclosure: Held