CKK 15.8% 1.6¢ coretrack limited

desired outcomes, page-55

  1. 23,001 Posts.
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    The more to it is that B1 and B2 need cash to cover the legal challenges they are putting before the courts. They are fire selling also for a scorched earth policy. If they lose to Warren they are attempting to make sure that the start up again whether with Coretrack and a new board or with a newly floated Globe Drill will be an expensive exercise. But they really are chicken feeders. The sort of money that is available is staggering. This stuff will be a hold up and shouldn't be permitted to happen imo but it will not stop the inevitable.
    I don't think it is game over at all. I think it is game on.
    A friend only recently mentioned to me that B1 and B2 will see more court time soon than Tom Percy QC (you probably have to be a West Aussie to know who Tom is).

    The sad part for mine is that we the shareholders cannot stop the board spending money on frivolous court actions and selling our assets to fund it.

    However, I still remain optimistic that things will be sorted out and we will get a board that fairly represents shareholders wishes

 
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