Don’t disagree with the change in business direction but the value of the business was proving the ability of the tech and there are some guys with no farming experience doing a great job according to the announcement due to the tech and yet it appears it was just plain fraud.
If someone bought for the tech and saw the results they were publishing they would of bought more or held compared to an announcement of things going pear shape due to weather which was out of these guys control.
I do believe in the whole of it is to good to be true then it usually is - IGE announced a 300M loan secured earlier this year and still suspended and waiting on the funds. To me if it sounds to good to be true it is probably best to just sit on the sidelines and see or take a very small position that you would be willing to lose. Yes you will miss out on the big pay days but if you make a wrong call you can be set years or decades behind depending on how deep you go.
CLI Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
