Ann: Quarterly Update & Appendix 4C, page-8

Oh come on guys. Can you really not see what’s going on here? I see it as clearly as daylight. IMHO, it’s like this.

Basically, CPH overpromised and woefully under delivered for an extended period of time. Specifically, they flooded the ASX with a string of half-baked ideas to launch multiple products into various geographic regions more or less st the same time. They used the resulting (carefully-orchestrated) SP spikes to do capital raises to fund the initial/prelim stages of each new initiative to give the impression of progress and for the board to pay themselves ridiculous amounts of money for actually achieving very little.

this nifty plan was never going to be sustainable, though, with each set of new investors essentially propping it up until a new set of initiatives was half-baked and duly sold to the next new wave of investors.

miraculously, they somehow managed to keep doin g this for almost a couple of years. I wouldn’t quite call it a Ponzi scheme, but it prob wasn’t that far off.

fast forward to early 2019, however, and the board presumably started to sense that this cash cow was on its last gasping breaths, and that evidence of solid market traction would be needed to keep the charade alive.

having reflected, they obviously realised that the game was pretty much up and, rather than being honest about how badly their scattergun approach had failed, instead sought to sell it off and escape the inevitable scrutiny while making themselves pretty wealthy.

I honestly think it’s that simple. Tragic, huh?

IMHO, if this deal fails, the whole company will fail within 24 months and you’ll have nothing to show for your shares. Don’t expect the board to care either, as they paid themselves VERY WELL along the way...

GLTAH