Hi RayI agree with your comments.EGM will come on eventually,...

Hi Ray


I agree with your comments.


EGM will come on eventually, think delay is the $20ml and giving TS to shore up their position against hostile S/H's.

Think he is getting his 'friendlies' together plus the CFE shares and the board's hldgs to counter any disent and/or having to concede ground.

It would not look too flash if/when the press run with it and the board is rolled and/or replaced.Big egos and control of $$'s here, and ... a new board would have access to some interesting documents which are for their eyes only.

A lot of tactics and strategy in play at present.

As I have said before,he should do the right thing by us and wind it up and pay out s/h's when all the cash and loans are back in, say about Feb and total payout could
be 44c + instead of speculating with our capital.He has enough trouble now trying to admin so many companies,just
look at what's happened with GFE .. nothing except $$ out.

If it was not for the MCC /CFE deal what have they achieved for shareholders ????

I'm sure that MCC would love to have had a crystal ball before paying up $400ml.


JRB