CDU 0.00% 23.5¢ cudeco limited

the game afoot., page-55

  1. 2,144 Posts.
    With people who have very large holdings for example those who came in right at the beginning when they were cents will have extreme difficulty in raising the cash for the issue.

    If you were lucky enough for example to have a hundred grand of shares then your 1 for six would cost you around 42 thousand. There are many in this situation.

    Nev's report is stunning accurate of the situation CDU is in and I can't see that situation changing any time soon. The senate enquirery won't cause immediate action and the Leighton,s thing will soak up the resources of the relevant authority, which makes one wonder if the Leighton's thing is nothing more than a smoke screen to take the heat off what is really happening. They really don't want anyone to see or understand the work Nev has done.

    Some on here have speculated regarding an upgrade JORC. That is pure speculation.

    Nev's report has shown there is a complete and absolute disregard for the High Court of Australia's decision and a disregard for the laws of the Commonwealth of Australia. The basic concept of an ongoing Auction process which the ASX is, is being disregarded and the relevant government body is relying on self regulation which simply is not happening.

    With that going on in the background how in gods name do you pull a rabbit out of the hat.

    Every time there has been a good report those in power in the manipulation game have demonstrated an ability to short the shares lower.

    What have the down rammers been raving about, a DFS a new JORC a wave of a magic wand, the easter bunny and everything in between. Throw in Tasmania and a block of flats.

    That still leaves us with the basic problem of the big holders which includes WM. For a million shares that adds up to 420 thousand which is a lot of hard cash.

    What sort of a bunny out of the hat will change things. I would imagine whatever paper work the big end of town requires before they can recommend CDU shares to their clients. Will this stop the manipulators, well that's anyones guess? A little bit of law enforcement would help, can't see that happening.

    Even the police are happy having their super stolen, a strange situation.
 
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