"One of CVI's best assets is it's ASX listing. It just has such wonderful trading volumes compared to most small caps stocks, and this means CVI can raise heaps of money from small investors on a regular basis.
As soon as you clearly understand that these guys who have taken the big placements (Global/Easy-O etc., are not real (they don't really put up the money), the rest makes complete sense. Oh BTW - Global doesn't have clients that invested either. They simply get the shares and sell them through someone like Pattersons Stockbroking in Perth."
That's a pretty full on statement. If that's the case, maybe we change the thread from "where do we stand" to "where do we lie down and crawl into a fetal position".
CVI Price at posting:
0.0¢ Sentiment: Hold Disclosure: Held
