Timis done a runner?, page-31

The directors are not saying anything, so why should we?

As far as I am concerned, the CFE business model is 'Pay directors big sums of money until it runs out, if someone asks, cover your ears - they will go away'.

Speaking of which, I have noticed a trend which I want to back up with some further research.
* Invest in a failing company and take 20 - 30% ownership.
* Appoint board member mates. (Or TS himself)
* Dilute CFE shareholding over a couple of year via share issue to dodgy directors .
* Drift downwards the shareholding of CFE at a rate that you don't need to announce to the market as material.
* Keep enough shareholding so that you can put it on the CFE assets register but never place a $ value beside it.

Result - Directors pockets heavily lined, Shareholder value run to zero without anyone noticing.