is pm a fool???

Rameez Im not so sure about that, that is. Is PM a FOOL???
Has anyone really qualified his credentials? Can some one call the company and ask JK the Chairman to confirm his credentials?
As per an announcement by PBT on the 14th of January 2009 PMs claimed credentials are stated as:

Mr. Marks has extensive experience in healthcare and mining investment, foreign
Exchange and commodities trading. He was Vice-President of Foreign Exchange with
Prudential-Bache Securities and Senior FX Strategist with National Australia Bank. Since
the mid-1990s, Mr. Marks has specialised in private investments in listed and unlisted
companies. A chemical engineer and mathematician by training, Mr. Marks holds a
Bachelor of Chemical Engineering and a Masters in Applied Finance.

My point is that your post got me thinking. Is PM a very smart fellow or has he just made an enormous BLUNDER and got it awfully wrong, got in too deep at the height of the market and now needs to dig him self out? I believe that he and his followers acquired 70% of their holdings in CQT in the high 50s when the company did its placement with Macquarie late 2007 and continued acquiring through into the mid 70s (check Top 20 releases by the Company). If thats the case buying some at the 15 to 35 cent levels wont make much difference because PM's and his punter's holdings are well under water.
So it looks like he and his gullible followers bought up BIG TIME on the crest of the wave and their average is in the high 50s and they collectively own about 30% of the company.

The markets have gone through a major global financial crisis and currently face very tough market conditions that leave very little appetite for high risk, high return investments. With the uncertainty of Mt Carltons future what will PM & Punters do now? Heres a few possibilities:

1. PM & Punters look at CQT and say Oh my goodness weve got it WRONG! Lets get control of the cash (AUD $50m) and save ourselves and stuff the other 70% of shareholders) What happens to the other shareholders when the moneys gone?
2. Put a new management team in place (JK and Co that toe's the line) and we get to split up the booty (AUD $50m) and stuff the other 70% of shareholders. What happens to the other shareholder when the moneys gone?
3. PM goes on the board of CQT as a non executive director for I think they said around $50k a year (remember this guy is probably worth 10's of millions) and in the interest of all shareholders (NOT) appoints a team (JK and Co) to help spend the $50m looking for M&A opportunities like NQM. Sounds like fun. Can I play?

The reason Im putting these scenarios forward is that Im curious to know why hasnt the market been informed of:
1. The COO who ran the DFS, Jeff Innes, has been made redundant.
2. The Exploration Manager (who made the initial Silver Hill discovery) has been made redundant. The entire exploration team has been made redundant.
3. The Goldfields exploration team has been employed to take over exploration of Mt Carlton. Go figure, wouldnt that be like asking Bernard Madoff to watch your wallet?
4. This Mark's appointed board has just made redundant every one that knew any thing about the project geology and handed full control to Exploration people that would struggle to find the coffee machine in the office, let alone the Next Big Deposit, why????