Can peter wring any more shareholder`s money out of the ruins of...

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willial

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26/08/14

22:52

Post #: 13876824
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Originally posted by riverbrae ↑

The Company will disregard any votes cast on this Resolution by any substantial Shareholder

Can they really do that?

“Substantial shareholder - Australian Securities Exchange
m.asx.com.au/glossary/substantial-shareholder.htm
Substantial shareholder. ... Substantial shareholder. Person/company holding more than 5% of a company's voting rights. “

BUSINESS OF THE MEETING
AGENDA
1. RESOLUTION 1 – APPROVAL OF ENTITLEMENT ISSUE
To consider and, if thought fit, to pass, the following resolution as an ordinary resolution:
“That, as required by the ASX waiver, and for all other purposes, approval is given for the Company to offer and issue Shares at an issue price of $0.005 per Share under a non-renounceable pro rata entitlement issue in a ratio of nine (9) Shares for every one (1) Share held on the record date, as set out in the Explanatory Statement.”

SO AFTER HAVING A 1:10 CONSOLIDATION THE MANAGEMENT NOW TELL SHAREHOLDERS TO TAKE UP 9 SHARES AT .005C FOREVERY SHARE HELD.

=SENTIMENT=NO WAY WILL I GIVE THIS COMPANY ANOTHER CENT!

RB

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Can peter wring any more shareholder`s money out of the ruins of CCC? Probably . he is certainly a master.

CCC Price at posting: 2.0¢ Sentiment: Sell Disclosure: Not Held
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Can peter wring any more shareholder`s money out of the ruins of...

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