dor the directors care about the share price?, page-6

Macrae 12,, having read your response several times, I reiterate my earlier email, what can the shareholders do help?

This is not meant to be a stupid or smart response. Please bear with me if I explain, I became CEO and President of an over priced Canadian Diamond Exploration Company which when I joined had a share price of $6.00 and over my three years custodianship the price fell to $0.75 when I retired (notwithstanding we have achieved a whole lot of positive results). So I know what its like to be on the receiving end of disgruntled shareholders. I learnt that markets and brokers can be savage but what I also learnt is that a loyal shareholder base can be very positive. I always took calls from disgruntled (and supportive) shareholders myself and in so doing built up a loyal sharehodler base base, such that I was able to raise about 50 million C$ over three years. (These are proven and irrefutable facts).

Now in the case of CQU, it's clear to me that the Directors are imaginative in their chosen fields and having Lazard come in is a master stroke. Well done. Personally I doubt whether ANZ will foreclose on the debt, provided it is serviced. Why should they? Banks lend depositors money at a 2 or 3% margin so the only reason to forclose is if CQU can no longer pay the interest (and capital? calls) as and when they fall due. So far this does not seem to be a problem and I will take this on face value.

Macrae 12, if they took the funds from Lazard as per the agm, how come they cannot afford to spend 20k on buying their own shares back and raising the share price. i don't mean to be repetative but a losing stock is dumped whilst a rising stock is infectious especially if bought by the Directors or the Company.

Anyway these are just some thoughts and I again thank you for your candid response.