Okay I've had a gutful of this. Maybe I'm a stale existing holder who hasn't done enough research (due to other priorities, i.e. work, bigger holdings elsewhere etc) or I'm either not drinking from the same coolade that you guys aren. I don't know. I have a lot of respect for the both of you Pep & SD, but something doesn't add up.
SD, where is this 20% sale information come from. I see only two relevant ann from CHP about COL. In December and Feb, to which the only useful nugget I get is that Lodge is doing a Pre-IPO offering to raise $7m. There has been no further reference to this.
Also with changes to Whizz, Skyfii, and now this Clean Tech, and even the failed acquisitions over at CMY, how do we ascertain any credibility to our management that they can execute on these deals. I am highly sceptical of these pre-ipo valuations. It all seems Pie in the Sky. Even this clean tech stuff sounds great in theory, but I don't know. It all seems like deck-chair shuffling to me, and reminds me of the farce that was Nexbis. And what was with the alternate director appointment of our director, Dunlop to RFN, and then having it pulled out the next day. It does not look good
The only thing that keeps me on board here is the director purchasing, and even that is highly circumspect as management have been buying bucket loads of shares when deals have been in the pipeline?? Isn't that a direct breach of the Corps Act??
I'd be interested in replies. If I am misinformed, please inform me. Hopefully I don't get bucketed. All these projects sound wonderful in theory, but we have to be able to execute and commercialise on these deals. And as
@supersteve is pointing out. The market is highly sceptical
