Angry - you said: Justice, yeah well we did try, and didn't get much back up.
I need to correct that we did indeed have enormous back up support from the shareholders. Not only would we have won all of our resolutions if it weren't for the shortfall share issue, we would have BLITZED the resolutions with approximately 80% of the vote.
I am so proud of the shareholders that were holding at EGM time and supported us. Many held their shares just to have a say, and though some have since sold, many who didn't vote, or indeed a couple that voted against us, have since changed their mind. We'd get even more votes if we did it again tomorrow, but of course, that is the reason that the new shortfall holders know they can't sell. They must hold their shares (or the bulk of them) to keep the control at AGM's and EGM's.
We were defeated by what seems a form of dishonesty. Your options resolution that you were passionate about was the biggest blind side of course.
But hopefully it has helped us not to be shafted quite as bad. This one is hopefully the truest thing. The work we all did, and the background work of the researchers was so phenomenal that whatever we write in emails, Smyth always knows that we are watching. I feel that they do indeed need to prove something up and actually work a project as a direct result of the EGM action and the fact that words from Smyth will now NEVER be enough. Only REAL deals will ever be acceptable from here on in. Don't tell us the projects are worth $x's - just WORK them. Smyth has completely lost his ability to woo the market. He is basically finished and CVI need an honest leader who the market can trust.
I too sincerely hope that some of these holders talking (or reading) on the threads WILL see some of their money returned, but we want to see it done on REAL projects, not pump and dumps. Rises need to be sustainable, and projects need to be definite, not 'potential', or 'intended'.......
None of us are holding our breath, but we WILL always watch.
I can fully understand everyone who has lost money on this wanting to keep an eye on the threads and the action knowing that they want to see justice after feeling duped out of their money by sensationalised and misleading ASX reporting.
New buyers need to go in fully aware of the risk.
CVI Price at posting:
0.8¢ Sentiment: None Disclosure: Held
