Dont treat your shareholders like mushrooms, page-2

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YodaObi

335 Posts.

22/03/17

13:11

Post #: 23541732
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Originally posted by YodaObi ↑

Yoda has 2 questions.
1- why no announcement by CGA? If your major client (CTN) has stated that they will take away substantial part of your fum, you best inform your shareholders and the ASX. Explain how it impacts - more or less than 15%. Continous Disclosure. Breach of ASX rules? Good optics versus Bad optics? Don't treat your shareholders like mushrooms? Yoda does not recall any announcement or letter from CGA. If Yoda missed one, do tell.

2- was CGA Board aware of non- exclusivity of CTN contract. Because Yoda thinks a reasonsble man would conclude from the prospectus that the contract included exclusivity. The Board signed off on the Prospectus.
Was the Board aware and signed off? Was the Board unaware and signed off? Will Board tell all now?

So much trouble, so soon after divorce

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Juke 77 is shareholder in both CTN and CGA. Tell Yoda, how did Juke77 find out about the material loss in fum?
From CGA? From CTN? Yoda does not recall letter from CGA or ASX announcement by CGA. No one in this forum points to existence of such a letter or announcement.
CGA CEO George Boubouras is on tv constantly. Grorge, spend 5 minutes writing a simple letter to keep us shareholders and the market informed? Or offer a mea culpa on one of your many tv or web appearances?
CGA Board seem to forget that CGA is a public company now. No longer a private company.
No like to be treated like mushroom.

CGA Price at posting: $1.14 Sentiment: None Disclosure: Held
1 Upvote

0 Great analysis

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