Because of the people involved, e.g., Euroz Securities which has taken a 20% stake and the other directors involved as below. CVL will be used as a back door listing for some project yet to be announced. My average in this stock is 3.6c. EZL is the key to all this. CVL has $6 million cash and no debts, so has start-up finance. You have to ask yourself, why would ezl take a big stake in a non-entity. Other than that I don't know, I just know from happy experience that it pays to follow the smart money, but you have to get in early and be patient.
Karl Paganin Non-Executive Chairman Bjuris, LLB, BA, ASIA Age 40 Mr Paganin is Managing Director of Euroz Corporate Pty Ltd and is an Executive Director of Euroz Securities Ltd, where he specialises in transaction structuring, co-ordination of capital raisings and providing strategic management advice to listed public companies. Before joining Euroz Securities, Mr Paganin was a Senior Executive of Churchill Capital Pty Ltd, a Perth based corporate advisory firm. Prior to this Mr Paganin spent 11 years working as Senior Legal Counsel and General Manager Major Projects for the Heytesbury Group (Holmes á Court) of Companies where his primary responsibilities involved the management of all legal matters within the Group and the co-ordination and completion of the Group’s major projects and transactions, including structured financing and major sale transactions. Mr Paganin’s other directorships include Southpointe Limited.
Patrick O’Connor Non-Executive Director B.Com Age 40 Mr O’Connor is currently the Managing Director of Churchill Capital Pty Ltd. He was previously founder and Managing Director of Macraes Mining Company Limited, the largest gold producer in New Zealand. He also holds various directorships including Non-Executive Director of GRD New Zealand Ltd, Non-Executive Director Western Australia Water Corporation, Non-Executive Director of Fusion Oil & Gas Plc and Chairman of Boron Molecular Ltd. He has negotiated the acquisition of assets, awarding of major contracts and arranging significant corporate transactions and associated financings.
Brian (Jock) Currie Non-Executive Director BSc Age 56 Mr Currie is currently the Managing Director of Celstream Technologies Pty Ltd and is acting Director for a consulting firm specialising in strategic human resources and organisational development. Mr Currie has extensive experience at the Director level in global companies across a range of industries including software, telecommunications and manufacturing. He held the position of Managing Director at Tektronix Australia Pty Ltd for over 12 years during which time he grew the Australian and New Zealand arm of the business by over US$50 million.
