Hi All.Have a look at the report and then try telling me CAG has...

Hi All.

Have a look at the report and then try telling me CAG has a future.

Directors 7 resigned or removed.
Secretary lasted 1 month.

Only director with shares Faldi 3,200,000.

Nothing about the coal that was supposed to have been sold by this time.

Looks to be going to concentrate on Wireless technology.
This was made out to be the best wireless technology since sliced bread.
Installed at the top of the Petronas tower in Malaysia.
Prime Minister or some one of very high position in Malaysia said he promised he would tell the World about this technology and get it out to the world.
Installed on an Island off Malaysia.Had longest connection then any other in the world over water.Sydney at the time had about 120 Orange Network towers.CAG would only need about 8 towers in comparison.
Had contracts in Malaysia,Myanmar,Bangladesh and I think Vietnam or Thailand.
Optus was supposed to be considering installing it for calling country areas of Australia from cities.

What happened.Went into receivership even with one so called investor putting in over $20 million.

Regards
Westcott.