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CI1 General discussion, page-485

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creditdumbness

2,650 Posts.

526

03/05/22

11:33

Post #: 61168298
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Originally posted by Oakiedoker: ↑

Have held CI1 for many years now on the justification that it was a sensible business model that was actually in the green (a rare feat for a company of its cap size). Unfortunately, things really seem to have gone off the rails these last 12 months which all seemed to start after Will Banks sudden hiring and rapid exit mere months later. The consolidation has seemingly just provided more space for the SP to plummet. Actions speak louder than words and if the board/the CEO themselves wont buy at this level, suggests that nobody should.

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Yep, you've summed it up. There was very little if any explanation on the Will Banks rapid exit after really talking him up. Since then, he hasn't been replaced. Why rehire someone when JW can just take the money that would be spent and put it in his own pocket?

CI1 Price at posting: 0.7¢ Sentiment: Hold Disclosure: Held
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