Since posting, CWN share have Crashed from $12.25 to $7.55...= $4.70 or 38.4%...
According to today's The Australian newspaper, CWN is going ahead with its Dividend Payments to Shareholders: Absent-Owner Billionaire James Packer gets $70m on Friday; Absent-Owner Billionaire Lawrence Ho (with 10% equity) gets $20m!
Meanwhile, 18,500 Crown Casino Employees are Jobless, Unemployed!
Who gave approval for such grandiose extravagance? None other than CWN Chair Helen Coonan-also Corporate Advisor to Lawrence Ho...Plus Helen Coonan Chair (ScoMo Appointee, no less!) Of Consumer Watchdog-cum-Regulator AFCA!
Go Figure? Many Times Over...
CWN Price at posting:
$7.60 Sentiment: None Disclosure: Not Held
