The only thing going for this shell is the Dykes/Dunlop/Troney/CHP/Digital4ge connections.
Digital4ge is what interests me here but i'm cautious of Dykes/Dunlop after the whole Nexbis saga.
Putting that aside for a second what we have here is a dirty shell trading on a $5.6m market cap with an additional $1.1m of "disputed liabilities". Directors arer disputing $710k of these liabilities on noncontractrual grounds but you wouldn't think a company would backdoor until thats resolved.
The auditors statement sums up CMY's finanical position pretty well.
I found the September quarter report very odd.
Does anyone know where the $422k on an equity investment went.
As well as where/why there was a loan of $844k to another entity.
Normally I wouldn't be concerned but with the shells shady past I'm being cautious.
I would say the current price is propped up due to the raisings at 1/1.5c, Dykes/Dunlop/Torney buying and the connection.
It all comes down to what you think their involvment is worth.
