ASIC certainly allow companies to operate insolvent and they could care less. I can go down to Macqurie place here on Pitt St and ask the boys about if they are concern. But I fear they may hurt themselves falling down laughing.
Welcome to the world of investing in Australia. Shareholders only exist so the Company excecs can line their pocket and pay their fees to ASIC so the boys can have their drinks on Friday (and Thursday now as well).
Me... luckily I read some wise comments here before I lost too much on CTO. To be honest, I made a quid. Bought at 23 and sold at 25. I am sorry to whoever bought my shares.
I dare not say anything that will land me in jail. But the evidence here is that all have been taken for a ride whilst the exec have lived the high life.
shareholders must read this, page-12
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Last
0.5¢ |
Change
0.001(12.5%) |
Mkt cap ! $13.5M | |||
| Open | High | Low | Value | Volume |
| 0.4¢ | 0.5¢ | 0.4¢ | $4.045K | 1.009M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 2653281 | 0.4¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 0.5¢ | 9556171 | 17 |
View Market Depth
| Last trade - 13.55pm 02/09/2024 (20 minute delay) ? |
| CTO (ASX) Chart |