and i thought bergen was a joke..., page-31

Moose11. I think your getting to the point there. It must also be illegal to announce facilities that don't happen. Or at least not to inform the market when they fall through. This has happened constantly with CCC. The outstanding ones are the $65m bank facility which appears may have shrunk? That at least is only at SA level so they may argue doesn't help with expansion outside SA. However, the balance of the convertible, I think about $9m is in theory still available. That would be at the holding company level I would think. As you say, investors buy shares believing these funds are available. But they are often not with these guys. Its hard to see how that could be meeting ASX disclosure requirements.

On another point about shareholders never being invited in. The reason normally is timing. All these capital raises seem to be emergency ones. My guess is a number of things have gone wrong, particularly in terms of group structure. I suspect they didn't understand it themselves. They always refused to provide details such as the BEE side agreements and the parent accounts. That is another thing coming home to roost now.

I don't really believe the sham share buying stories I read. Why keep buying shares to give confidence when it never works? For instance,I think that something has gone wrong, or a problem identified, after DT bought those last shares.

I know its pretty late and most peoples holdings are probably close to worthless anyway. But if any recent buyer or whatever, have material capital at risk, I'd cut losses here myself. An urgent back up capital raising as shares approach zero is bizzare even for CCC.