Two weeks in suspension for a 3 line announcement that the deal fell over because management were too incompetent.
I strayed away from my usual invesent strategy with this one becasue I was lured in by the amazing acquisitions on offer and I have been punished.
The writing was on the wall from day 1. The worlds worst company website I have ever seen and a director who wrote a get rich book! After looking at Robert McCauleys linkedin profile I was worried it looked and sounded dodgy but I chose to stay positive because the acquisitions sounded so good. Too good to be true in fact. The office in Canberra should have been a sell sign if I've ever seen one.
Condolences to all holders and I hope management get what is coming to them. Their contempt for share holders is nothing short of obvious.
Diggs.
CMY Price at posting:
0.2¢ Sentiment: Sell Disclosure: Held
