CCC 0.00% 0.1¢ continental coal limited

All Shareholders, should listen to the recording posted by...

  1. 482 Posts.
    All Shareholders, should listen to the recording posted by Aventurine shows what type of Directors Conti have. Mr Landau when questioned by a Shareholder about Penumbra Financing & Discrepancies in Quarterly Cashflow simply loses it, as if to say, "Who are you to ask, and how dare you question me?". Another Shareholder put him back in his place, saying 'he is entitled to ask those questions Mr Landau he is a share holder. Let him ask'.

    Then he goes on to state the Directors have got a number of options to fix the current cash problems with Mashala acquisition, stating that the Board of Directors don't want to go to a RI path, as this would be the worst case scenario for Shareholders - the quote I heard from PL was 'they're not about that'. I won't go through the numbers of options since this has been detailed in a number of posts. He also stated that the company does not control the Share Price, and that they're placing the company in a position where in 2-3 years the Shareholders can benefit.

    Mr Landau thank you so much for looking after your Shareholders. But the SP is a result of you and your Directors past actions and incompetence.If you had actually kept to your targets, put announcements with the correct facts that Investors can base their financial decision, not given Socius\Bergen a stake on Conti to manipulate the Share Price. Waste resource and money on Columbia, Botswana, and AIMS when other companies were reducing costs, while we are trying to expand in a place with no Transport Infrastruture. Capital raise stating that the funds would be used for Mashala, when only half was used. The rest was used for working capital for growth????? Blaming the coal price and markets, when the markets and other coal companies are on an up trend, while Conti keeps getting lower and setting new all time lows. Announce to market that we have access to all these debt facilities, that continually keep reducing in value as time goes on.
    Whilst not announcing this to Shareholders.

    Giving your Management Team a $7M renumeration and bonus plan, not including the $M's of dollars in Consultant Fees that your other companies take from Conti Coffers.
    Announce to Market, that Conti might need $10M RI diluting 40% value of current holders as a PRECAUTIONARY measure.
    The $10M Vanmag transaction, which you failed to close since 2008, and now state that this will be in 2 weeks?
    All the past decisions have led to low Investor Sentiment.

    In the recording Mr Landau, is often quizzing his fellow Directors of facts such as FCF when Penumbra is up and running. Mr Landau this indicates just how much you know about the company, you are too busy running your other gigs such as NKP, RRS etc, that you don't even know details of your own company. Do you even care what Shareholders think?Show some respect to the Shareholder who asked the question, which you should have provided the answers in the Quarterly's. You work for and are paid by SHAREHOLDERS of Continental Coal.

    While your getting paid your salary with trimmings, Investors have lost the hard earned dollar they have saved and worked for based on you and the boards decisions.
    So the Share Price is a true reflection of you and the boards doings.

    Mr Landau do us all a favour and step down, please take half of the Board with you.

 
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