prsentation looks good., page-52

BBB,

Always appreciate your posts. In your last, you touched on something that has been in the back of my mind for a while.

"Why not wait for CCC to fall over and get very cheap"

I have often thought these guys aren't as stupid and inept as we all think they are. Are things really as bad as we think or are they just being made to look that way. The way everything is reported nobody would really know.

Perhaps there is a buyer for Vanmag but perhaps it is not in their best interest to complete this sale at the moment.

Was the share issue proposed for the GM actually about having a "friendly" major holder on board at bargain basement price?

Surely if these guys saw one of their golden geese going down the gurgler they would pull out everything they could to stop it. Eg Actually sell Vanmag (if they actually own it of course), I'm sure the 10 mill would bolster the coffers for a bit. Perhaps even lighten up on fees or salaries for a bit (heaven forbid).

As you say, the share price could well drop another 95% from here, if that happened they would pretty much only have to go to the petty cash tin in the bottom drawer to pick up total control.

Just my little conspiracy theory!

One last thing. In your opinion have they actually done anything that breaches the Companies act/ASIC rules/ASX rules.

PS. Whilst I hold, my holding is only some options that aren't even worth flogging. This stock has been a very good education.