why would they want it to go down??
I have wondered about this many times
why dump and then put out notices that shows this when they don't have to
I mean they don't have to put out top 20's every week, but they do and show us their mates are dumping, so why
The only reason I can think of to drive the price down is to dilute more at a lower price in order to dilute holding in Fortitude and therefore the assets they have.
It is an effort to make CVI near worthless.
I mean his claim was to take over Fortitude, this was never his/their aim, they raised money (if anyone believes the shares were paid for) and then instead of buying Fortitude shares they loaned them the money.
This would normally have been forgotten about, but the auditor and probably ASIC got involved with that so he had to get rid of that debt, that is where the coal comes in.
(now where are these details, an EGM soon to approve dilution but no deal, or details, it will come just before EGM no doubt giving no time for shareholders to work out if it is worth voting in)
CVI will then be in debt, that debt, and the transferred Fortitude debt CVI at present own will be transferred into Fortitude shares no doubt at a very low price and CVI's holding will be very low.
CVI will end up with some coal mine that is worthless that they threw the Zulu's a few grains of rice for.
The much traveled Fortitude assets will end up in another company most likely listed on another exchange and the whole thing starts again.
when the company falls over ASIC will then move in and pick over the bones trying to justify their pitiful existence
it is criminal that they have done this, it is more so that they know they can get away with this,
in that regard it is not just a matter of cvi but all others also have a free hand.
we as general public should confidence that what these sort of companies dribble out should be checked out by them for accuracy, more so when they are alerted with proof to back up the claims.
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