101investor, we'll take you as face value at this stage, as that's only fair.
No doubt we all would dearly love to see the people still holding shares in this manage to see a recovery.
this will NOT happen whilst Mark Smyth is still CEO of the company. Manuel Africano has 'passed his use by date', and has now gone... Funny, Smyth said to me on the phone once when CVI hadn't had a chairman and were hoping to get the bloke from Falcon Oil, "It takes 2 minutes to install a chairman, but two years to get rid of a bad one"
If things are still the same,(as Sept 09) then Celtic Capital Pty Ltd still has only one sole director - Mr Jason Peterson, who is also a director of Cunningham Securities. I know nothing of Celtic Capital, but I'm sure 123enen will soon be on the case again seeing a new shift in momentum!
The sentence that suggests you know a lot more than tyou are saying is: My pick is Mr Di Giacomo to step up to be Chairman or CEO as that hasn't been announced to market.
So, just a word or two of 'advice'. (not financial advice, just life experience advice!)
Don't believe things you hear in emails or phone calls from the company - EVER.
RESEARCH their history,
RESEARCH the shareholder movement to try and stop the rot, and get back on track
RESEARCH the links between MArk Smyth, Malcolm Keith Johnson and some legal proceedings for many things involving financial scams in the past
TRY to get a copy of Kerry O'Brien's "Other Peoples Money" DVD - a Four Corners expose form many years ago. If you ask in the right places, you can get one quite easily. I know Manuel Africano saw a copy, as did many other directors and 'advisors'who resigned form the board in the last few years!
Ask why ASIC have been heavily involved in preventing CVI from raising money form the public over hte last several months
Now, if you still think a leopard can change its spots, good luck to you!
CVI Price at posting:
0.3¢ Sentiment: Sell Disclosure: Not Held