sickening, page-24

Great to see ASIC put a hold on the prospectus.

Let us remind ourselves of some of Smythe's delirious failures with CityView. I don't care if new management are going to try and revive this thing, this company is permanently tainted from it's history. Here are some of the failures over 2007-2008, however there were dozens of other mishaps in this company's listed history.

55kBOPD Oil Refinery - FAIL

Angola Diamonds - FAIL

Catabola/Longondo Copper Drilling - FAIL

Anyone remember when they tried to acquire $1.1B funding just before the GFC? - FAIL

In 2008, they were burning $3M a quarter in overheads, and only had $0.3M in the bank. - FAIL

Investing in Fortitude - FAIL

Pensador financing - FAIL

Dozens of BRR spiels - FAIL

Running to shareholders/instos for money - FAIL (in 2007, they did 3 separate placements in the space of 75 days!!)

Cameroon Oil Basin - FAIL

Indonesia LPG - FAIL


FAIL FAIL FAIL

This company was, and always will be, a trainwreck. How people got conned into it, I do not know!!