@madamswer Going back 2-3 years ago, this was a modestly succesful business. Now look at it today. I hope the auditors live up to their responsibilities and go through the accounting records carefully. One would think that the sale of shares by Substantial Shareholders for those who have notified sales in the last few months are continuing to sell, taking what the current market is offering. This suggests that in the absence of any positives, the shares will trade in this price range for the foreseeable future, if her is indeed a future, given there is the overhang of debt.
It seems that any Australian company that embarks on a venture in the US seems to be 'taken for a ride'. The distance and time zones do not work for overseeing businesses needing close supervision in the US. Someone who understands the way things are in the US need to be on the ground there to make sure things work.
It look from your posts that you still have an interest in CLG, from the side lines. I see you once stated that you held the shares and had some confidence in the CLG prospects.
Do you have any views on the components of the business and the prospects for resurrection?
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