cudeco(cdu) trading - representations, page-114

Hi Giddy,

I have been a member of the Australian Shareholders Association for umpteen years, and I always advocated to everyone that is investing in the sharemarket, the benefits of being a member where they can have their voices heard at AGM's.

But, just in case you don't know it, I have approached the ASA in the past on many occasions in regard to CDU and what has happened, (I can supply the names but I don't think that it would be very prudent to do so in an open Forum), and I was advised that, as it wasn't within the list of companies that they are monitoring there was nothing they could do to help me, and us.

It was only a couple of weeks ago that, while I was in Sydney for totally different and unrelated reasons, and because I always stay at the Hotel just across the road from their Head Office that I called in again, and it now appears that they may be able to start monitoring CDU. Nothing is assured though, as I was just told that they may.

But again, if we are to seek support from them we have to have more members that are willing to cooperate, pay the membership fees, and listen. Otherwise it will get us nowhere fast.

Finally Giddy, you also wrote:

"I hope this clarifies my position and message Buddy. I sympathise with your position and respect your endevour but please don't allow past injusticies to be the excuse to allow future injustices."

Maybe, and I point out this out to you, you should point that part out to all other posters here that are still revelling in the past, and not to me alone. For, in doing so, you are just singling me out.

As a matter of facts, and to help clarify it once again, if you are to reread my post, I stated that "I called it quits sometime ago".

Finally, I am still of the opinion that the main problem for our sp decimation in August 2010 was caused by the announcement with the shocking JORC result that was ramped to ridiculous levels, not because of huge manipulation.

Just have a good look at this one below for instance, and then tell me:

PetroFrontier (PFC) drops just under 43% last night on unwelcome news associated with both MacIntyre-2H and Baldwin-2Hst1. The identification of H2S (sour gas) at Mac and the technical failures at Baldwin, being the main catalysis for the mass exodus and dramatic 43% drop in share price.

Come Monday one would expect that the repercussions be felt long and hard for Baraka who may receive a nose bleed from the gravity effects of a possible quick descent.

One feels for BKP and their investors who IMO have been strung along by PFC since locking hands together with what now seems to be an entirety, However, PFC with their technical knock out of the Share Price (SP) last night may now re-consider how they communicate a little better and more to the point provide more regular updates that could mitigate the massive one day drops in SP."


End of quote.....


Now GiddyYup et all, what does that differ from what has happened with CDU in 2010??

Nothing at all if you ask me. The bad news has been the one and only cause for the PFC sp to drop 43% in one single move, with possibly more to come. And more importantly I repeat what I wrote above..:
"However, PFC with their technical knock out of the Share Price (SP) last night may now re-consider how they communicate a little better and more to the point provide more regular updates that could mitigate the massive one day drops in SP"
The Lack of Communication has been mentioned there!!!!

Is that any different to what the news we got from CDU did to us previoulsy??? For me it isn't. And the drop was caused by a combination of investors rushing for the exit doors while activating stop losses, margin calls, etc, etc. It is simply the market Giddy, That's all.

Think about it mate.