It's often said that the definition of insanity is doing the same thing over and over and expecting a different result.
If you are are contemplating putting cash into this business again you are certainly insane.
CCE will raise capital to pay of the secured creditors, perhaps some Directors will of load some shares to recoup loans, if it gets up and gets through to November, Mr Davidson will off load his last tranche if 147M shares and it will languish at levels well below where it currently sits.
Shareholders, government, taxpayers have been taken for a ride. One of the greatest con jobs of all time!
The best we can hope for is that Directors are held to account for mismanagement.
BUYER BEWARE!
Ann: Update on Voluntary Administration, page-13
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Last
4.2¢ |
Change
0.002(5.00%) |
Mkt cap ! $13.14M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.3¢ | 4.0¢ | $10.97K | 260.7K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 36480 | 4.2¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 50000 | 1 |
View Market Depth
| Last trade - 16.10pm 29/05/2024 (20 minute delay) ? |
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Last
4.3¢ |
Change
0.002 ( 7.50 %) |
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| Open | High | Low | Volume | ||
| 4.0¢ | 4.3¢ | 4.0¢ | 55939 | ||
| Last updated 15.22pm 29/05/2024 ? | |||||
| CCE (ASX) Chart |