Isn't this a hoot for a company with zero trading volume for months and months, no announcements, no changes in management. (except "convict" Glen moving to non executive but no newly appointed CEO so who is running the show?) , and only a half year cash in the bank after a savage stock consolidation and massive CR.
There are two plays here .. One the ramping to push the huge CR share issue at 2c into the market and the MW spill.
The old traders, sprukers and general Darby supporters (let's call them the Pirate gang) are back with a vengeance after hiding in shame for the past year. There is a ponzi here as they push nothing to new highs on buyer stupidity and greed. Good time if you bought or were issued shares at under 2c but it sucks for long term holders and anyone who bough on the recent hype. Watch this space for a dump next week as there is nothing to support pricing over the CR issue if 2c . Just love the posters with the technical charts .. If they are so good indicators then why waste time posting on this board as you are obviously a billionaire already LMAO.
Second play is the MW board spill .. We all really hope this will be successful and would revitalize CDB but, in my opinion, the Darby/Mortimer clan fought off better organized mutinies at GXN and PRW so this is not going to be easy. If it happens and some of the legacy issues are resolved (like the unaccounted aud500k to former chairman Pierre) then we might have a half decent shell.
Don't be blinded by newbies like Tas and the returning BS rampers as this is just a play to sucker in new punters and dump this dog and run.
CDB Price at posting:
2.6¢ Sentiment: Sell Disclosure: Held