when does the realisation that this company cannot be managed from Australia finally hit home. this company cannot afford the costs associated with effectively or inefficiently paying management fees in two countries the dividends that should be flowing to shareholders is being sucked up in management costs the share price is a reflection on the way this company is being managed, while the general market has risen 35% off its March lows ,CG1 has barely moved. While we continue to hear that new contracts are in the pipeline and new opportunities are available the bottom line barely moves. Whatever the management arrangements that are in place, the US company must be overseeing the day to day operations , so why then do we need the extra costs of running whatever role there is from Australia.Certainly there is no promotion the company from our Australian management and any direct sales input would be minimal. All we have seen from theses guys is dilution and promises the cost saving without paying an Australian based management would add at least $600000 to the bottom line.This would immediacy elevate the share price above 75 cents and allow a small fully franked dividend. Is that too much to ask ,shareholders have been forgotten for far too long in this company.
CG1 Price at posting:
18.0¢ Sentiment: Sell Disclosure: Held
