The sad tale about this is that this is the third time the Clarke Brothers and Collery have been in a financial tale of woe.
First it was Coho Resources......which lost lots of money. Which got rebirthed as Coho Energy and lost over $200M. Then the directors reappeared in Marion Energy and another $100M+ down the tube.
A quick look at the history of Coho Energy would have put a BIG AVOID Recommendation on the stock right from the very beginning..
You are not the first to be burnt with this lot. You are the third. And now we are going for four!
All those brokers and financial advisors who did so little due diligence... Shame on you.
MAE Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
