Getting a Free Ride on Aussie Investors, page-5

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tigmeister

14,064 Posts.

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15/02/15

11:18

Post #: 14757221
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Originally posted by Lou222 ↑

Without stating the virtues of the obvious -

Needing some 125 million to finish this project is more than the Mgt of Cockatoo stated late last year, so they were either naive (Eg stupid) or aware and failed to inform the market.

The market movements for coal are not new however COK took two distinct dives that did not correlate with significant shifts in coal price and in fact the Company continued to state positive things to come, when some one within the business must have been aware of the funding issues, however if they were not, they are equally negligent, as per many recent court discussion regarding directors duties and obligations.

And finally but not lease, any company that has to recapitalize and shortly after just 12-18 month prior going to the market for a massive amount of money, is just pathetically run by fools.......

There are no wild allegations there, just plain historical facts, they did raise significant money recently, the market did suspiciously tank twice in recent times, and they did just announce issuing equity like confetti....

Expand

The stock started to tank after the 1st September results were announced, for a 60 day period, September to October,

"...Cockatoo has limited the times when directors and key management personnel may buy or sell Securities. These periods are limited to a period of 60 days after the release of the half year results, full year results and the holding of the annual general meeting..."

http://www.cockatoocoal.com.au/cok/assets/File/CCL_Security Trading Policy.pdf

But always it remains "unlawful to trade at any time if a director or key management personnel has inside information"

Last edited by tigmeister: 15/02/15

COK Price at posting: 0.3¢ Sentiment: None Disclosure: Held
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