CBR 0.00% 13.5¢ carbon revolution limited

Interesting report which includes information I have seen...

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  1. 78 Posts.
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    Interesting report which includes information I have seen referenced in other threads but may be of interest to current/prospective investors GLATH DYOR

    The following contains exerts from an investigative report by Michael West Media authored by Anthony Klan. Anthony Klan is an Investigative journalist specialising in corporate malfeasance and corruption. Klan's investigations into the likes of superannuation, Google Australia, financial planning and Pink Batts have informed government policy and brought reform in Australia.

    Full disclosure I am considering buying back into CBR. However I think it is important to share this article for current/prospective investors.
    https://www.michaelwest.com.au/victorian-government-wins-big-on-carbon-revolution-float-by-taking-punters-for-a-ride/

    Article paragraph so you get the gist:

    'Successive governments pumped millions into long-failing, high-end wheel maker to help it limp across the line to an ASX listing last year. The Andrews Labor government injected $27.5 million into Carbon Revolution early last year to keep it afloat. Although it and existing investors reaped a bonanza, the Australian Securities Exchange was so concerned about the vast gains being made that it placed a freeze over all 5.4 million shares the state government ended up with after the float, writes Anthony Klan in Part II of his investigation into Carbon Revolution.'


 
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