Whats the CDT connection, cant see any of the same characters in board of directors, or top 20 holders?
Exactly, ASIC is really toothless, these guys behind GED/MLS/SBR seem to be good at what they do, been doing it for decades, cap raises, consolidations, selling assets between the companies and pocketing the cash. Im sure along the way they have maybe crossed the line of legal requirements, but finding that info and then the time and money it would take in chasing them down, dont see many holders willing to go through that, thats how these guys get away with it year after year, happens suprisingly a lot on the ASX.
Its amazing how many stocks right now you can just copy and paste the same story, management raising and paying themselves great salaries, whilst share price constantly declines, they raise again, until there are so many SOI , then they consolidate and name change, and do the whole story again, and people forget about this history.
Sad reality with a lot of stocks on the ASX, really does pay to look at management of a company deeply, thats the main thing at this end of the market, need quality, often time these companies are a great vehicle for management, directors and CEOs along the way, who get paid great salaries and free shares, but horrible for shareholders who fall in love with the story and then lose all their value.
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