Looks like the drinks were on me.

First 21 Last

Share
Profile

Follow
mrdingo

4,184 Posts.

1181

03/06/20

22:19

Post #: 45020975
Share

Originally posted by kearneymaurice: ↑

I got out of CLH after I attended the 2018 AGM. Apart from being extremely dissappointed with the way Lev was treated by the board, what got me in the end was the wastage at the AGM. Trust me, free alcohol was flowing after the AGM, all at shareholders expense mind you. It didn't impress me much on the day, even though I left somewhat inebriated. It really demonstrated to me what they thought of our money. After I sobered up, I ended up hitting the sell button real fast.

This Royal Commission was tabled in parliament in February 2019. Somehow he are told that this report has suddenly come home to roost for CLH with the board changing what we have been lead to believe was a perfectly legal collection process. Mr Rivas had certainly given me his reassurance that we were compliant. I am sure a class action would have already commenced if the tactics they used to collect past debts were deemed unlawful.

This sudden feel good change in the collection process has supposely resulted in an 89 million dollar write down. From my reading, they are removing legal action from their processes. It's like they have turned into a charity. For holders sake, I hope they know what they are doing. I have no confidence. Once trading again, current shareholders are going to take a bath. They might need to lookout, the class action might come from within. I feel sorry for whoever bought my shares. Best of luck with this one.

Expand

Looks like the drinks were on me.

CLH Price at posting: $1.09 Sentiment: None Disclosure: Held
6 Upvote

0 Great analysis

Reply

Top Stories

Capital raisings wrap: Brainchip, Ovanti, Lake and VHM

PEC

Perpetual sniffs TREOs beyond 4000ppm at Raptor play in Brazil

MM1

Geochemical work at Newington picks up gold and copper anomalies for Midas

BGL

Bellevue aims for 45% production increase by FY 2028, announces $150M placement

TRP

Tissue Repairs soars nearly 32% on TGA approval for wound healing gel