What a company. What a management team. WHAT A JOKE!When any...

What a company. What a management team. WHAT A JOKE!

When any company performs this poorly over an extended period management is replaced. However the same management team that established this company through the merger still exists. The same team that has lost 71% of investors capital. The same team that immediately gave themselves large rewards through share options. They still exist because the share allocation structure makes it virtually impossible to vote them out. Nightingale represents the interests of Norman Seckold through many companies. Many of which all trade from the same office. SK has associations with Norman Seckold companies beyond CUU. Planet Gas is Seckold. Seckold also has an additional 6,000,000 shares through another company etc etc.

Still this company continue to present tenements to public investors that would appear to have little value through product but have a promotional value through proximity to successful tenements and successful operators. QLD was a clear and obvious example and now it appears so too is SA.

There can be little doubt the latest developments would have stretched the relationship with SK. There can be little doubt the company will soon need to seek further capital and currently appears to have no news or potential to attract investors.

Why has this company not taken adequate actions to protect the investment of public shareholders? Why has McCaughey not been replaced long ago? Why do the appointed watchdog agencies not take more action to protect public investment capital and the health of the Australian Sharemarket?