Wow - finally Terry Stinson (and his $25k of shares) has pulled the pin on his time at Carnegie Con Energy. Lets list Terry's achievements - we'll break into pre, and post, going broke (politely known as going into administration and even more politely as restructuring).
Pre:
- Dismal effort and failed to prove up any technology or stave off going broke
- Restructured: persuaded Mum and Dad share holders, and more amazingly, Michaek Fitzpatrick and ANthony Shields to put more good money after bad, to facilitate a 'restructure' where all previous shareholders essentially crystalised a loss of about 99% \
Post:
- Absolutely nothing except managed to have enough time pass since acquiring Northam Solar Farm, squandering the capital raise and clearly being insolent, and ripping ARENA and the WA State govternment off with farcical ans never proven stories of a mythical technology called CETO (after a mythical creature) to muddy the waters - such that an investigation by media or ASIC into Carnegie's last 8 to 15 years or so, and the habits of Mr Ottaviani and Fievez, will be more difficult ('I don't recall').
Good riddance Stinson - your track record of business failure continues!
Now Mr Shields, who probably feels supremely conned since 215 or so, is hanging around in the hopes he claws back some of the money he is owed ($10m?) somehow. What can he conjure... some bait for a capital raise...
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