Yeah you are right Angry nothing that they have announced has ever eventuated and they have had numerous projects and they have all fell by the wayside. Now velvogen is another company name which has been created in fantasy land.Now nothing will come of this .Go back to the their announcement july 08 update to share holders they had 438 million shares on issue now they have 1billion and 38 thousand and are proposing to issue 300 mill more into the buy side just to pay directors fees and keep the office open.What ever happened to the the large chunck of Fortitude which has now dwindled down to less than a quarter of the shares on issue which I might add what has Fortitude ever done or what is Fortitude or who is Fortitude have they ever once turned a pod of soil or stuck a drill in the ground unfortunately no Im afraid that as everything that has been announced IMO is simply a scam to extract more money from the faithfull.Go back through their announcements and you will see that not one thing has eventuated.Think about all the great projects that Smythe and co were proposing off shore oil rigs relocation of refinerys etc these are all high risk ventures costing billions of dollars with no gaurantee of success, yes im afraid to say the whole thing is just one big con job IMO of course.
CVI Price at posting:
0.6¢ Sentiment: Sell Disclosure: Not Held
