CRB carbine resources limited

Ann: Quarterly Activities/Appendix 5B Cash Flow Report, page-7

  1. 371 Posts.
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    before i go i thought i might just give you all some information that may shed some light on things and give you an understanding of why this opportunity is languishing and and the incompetence of the morons currently controlling it.

    i am pretty close to this stock as i happen to be friendly with one of the founding shareholders of the original company Ausco. the asset is world class the management is Gordon Gecko wanna b's but just arnt that talented , even at being corrupt.

    the ausco shareholders are furious and seeking advice on the companys actions last 12 months. Both the DSS purchase of dis guarded ground and the repurchase of ground off NXT1 surrendered ground are related party dealings , the vendors and the CRB board are either significant shareholders or co directors/office bearers or both of other third party companies , which is basically the definition of related party in my understanding . both transactions in their notoriety have never had a rational basis to proceed and have never been explained to shareholders, even though i know categorically that the ASX, ASIC and the ATO were notified in writing alerting them to look into these transactions at the time they were announced. nothing was done it appears , not a very reassuring look for shareholders is it.

    at the 2023 AGM where the board was unceremoniously dumped the remaining board member was given nominations to fill the positions left vacant , one of the nominations was a Lawyer who had at least two ongoing practices with 10 years high level management experience in the AFL had been a managing partner at the largest law firm in Australia where one of his main clients was the Australian Department of Defence among others , had global financial and business connections and had the founder of a significant glass manufacturing operation in Malaysia on hold awaiting his appointment after his meeting with the board, for off take discussions , and the board passed him over for what ....... one of the directors of the original company Ausco who sought out expertise to take this project to the next level in the first place , that is how amateur these muppets are. back to first grade .

    any project with merit or not is doomed to failure with this rabble in control they are just no good at it and have little respect if any for shareholders capital or support to assist in these projects . not the outcome is was hoping for however thems are the breaks i suppose . good luck
 
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