I am left with a sense of unease regarding the corporate activities of CQU. I am down around $120,000 and for me it is serious money. I would not like to see the best of the CQU's assets transferred to mangament at nominal cost. In fact, if these were to be the case, I would see red and would put funds into a corporate action against managment.
I think all shareholders should make their thoughts known. It is not fair to mum and dad investors to lose funds on CQU when they were promised a 2 cent dividend that failed to deliver. These are the people I really feal for.
I see CQU as an excerise of overconfident, irresponsible, youthful management, who fail to seek guidance from persons who know better. I am guilty of the same offence. I too should have known better than to invest in CQU.
I aree with you nothing has changed, but lets think very very carefully about corporate acion against the directors for any matters which are not arms length transactions.
CQU Price at posting:
1.5¢ Sentiment: None Disclosure: Held