"5. If every holder chipped in 1.25c per share there will be in essence no dilution of every holders percentage of the company
If you were the main man - What would you do?
Scenario's 1. Holders chip in $6m and projects get developed"
MULGA,
Fact is MS has not even explained what the $6mil is going to be used for. We know his track record for burning through cash with ABSOLUTELY NO ACCOUNTIBILITY AT ALL! He has spent over the last year probably in excess of $30mil on god knows what. If cvi has just one CASHFLOW positive project up and running by now, then that's fine and it would be $30mil well spent.
He is always coming up with "things", but in the end nothing gets done. Money's spent, but no tangible assets to show for it. Don't tell me about our copper project, if they ever had the intention to develop it, they would have already done so by now. Talks of social taxes were the excuse for not developing it. What a farce!
CVI Price at posting:
1.3¢ Sentiment: Hold Disclosure: Held