I bought into CQU because of the promised dividend. When it was not paid, no one was more caustic about the CQU Board than me. But I was wrong. The CQU board made the right decision to conserve the funds as a hedge against the (then) coming market downturn. It cannot have been and easy decision, and I am still furious about it, but it was the right corporaate decision.
Similarly, I have been quite vociferous my my asseement of management as a bunch of naive academics. I think this comment still stands and what they need is a sklled corporate advisor. I don't think much of their legal division which I think is less than up front. Having said that, I don't think the directors are dishonest or irresponsible, they are limited by thier corporate experience; but I suspect they don't know this. What would Kerry Stokes do in the CQU position? (Of course he would never have allowed it to happen).
Like many others I stand to lose more than I am comfortable with should the company go belly up. However, I would prefer to take a proactive response rather than a negative stance I would much prefer to send positive suggestions to the Board of CQU. Whether such suggestions would even be considered or rejected out of hand I don't know.
CQU Price at posting:
1.5¢ Sentiment: None Disclosure: Held
