Last week I wrote to Pretorius asking some questions (see other thread for quoted text).
As expected there has been no response, so I have just emailed him again and I quote
"Dr Pretorius,
I have not received a reply from Mr Morgan. As a shareholder I am entitled to a timely response to any query raised.
This confirms my belief that the management of this company considers shareholders with contempt, and has a culture of withholding information which has driven the share price to ever lower lows.
Tomorrow I shall complain to the authorities at the ASX of this situation."
I'm fed up with this mob - as you correctly state we own a valuable resource - which at its most conservative valuation should have the SP at around $0.60.
I'm also wondering why a number of directors have resigned - the most recent after only 2 months. I think we are entitled to know why. Are they fearful for their personal assets?
I have recently resigned a directorship because the company had a culture of non-disclosure, secrecy, and perhaps non-conformity as regards legal obligations. The last thing I wanted was to become personally liable for anything done by the company concerned -
I have zero experience in how to bring a listed company to task, but shareholders are entitled to better than CNQ is providing, so I will fumble my way through whatever the process is.
Of course, the recalcitrant board can easily avoid any issues by telling us what is going on.
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4.8¢ |
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Mkt cap ! $107.3M |
Open | High | Low | Value | Volume |
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1 | 21269 | 0.045 |
1 | 250000 | 0.043 |
1 | 150000 | 0.042 |
1 | 100000 | 0.041 |
Price($) | Vol. | No. |
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0.048 | 40181 | 2 |
0.049 | 255200 | 2 |
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