(1) a "strategic review" presumably on how to extract from Qld (clean-up the site) without costing too much in borrowed money; while at the same time making DERM the scapegoat.
(2) no specifics concerning the export of electricity which reads like a small technical test. ie. there is no actual proof the technology works commercially yet.
(3) a criminal court case by DERM against the CEO for a toxic environmental spill
(4) a stack of legal fights (see http://apps.courts.qld.gov.au/esearching/Results.aspx?Lastcompanyname=carbon+energy )suggestive of what? Disgruntled suppliers? employees?
(5) a mortagee with a lien on the IP that seems to be a semantic Chinese wall away from an existing board member?
What's next? Who wouldn't dump with all this going on?
The forthcoming quarterly financial statement will be an interesting read indeed.
CNX Price at posting:
8.2¢ Sentiment: Sell Disclosure: Not Held
