Sad day for CDU holders.
i guess the shareholders didn't have a couple of billion in their pockets to mine
BTW does anyone know how many truck( loads ) were actually sent anywhere .. i saw some pictures of them being loaded with something ( i hope it wasn't share-holders coins )
i don't know for sure but most of the money probably got used to pay outstanding loans and transportation costs
would have been interesting to see how many of those bags made it intact to the port , maybe the road of copper is the highway to the port ).
those bags aren't cheap if bought new
Like many of the things about CDU, and what happened with it all along, we will never know.
The only thing that we might be told a little bit about it, was the huge salaries collected by the Managements, including the CEO/MD of course, and the BOD's. They always made sure that the monthly cheque was banked into their bank account each and every month.
I wonder, and I do really hope, that something will come out of it and that ASIC and the Courts will have a good look at it.
A class action wouldn't go stray either but the point is that no one really knows if there was Directors and other forms of Insurance covering these people. No Insurance, than chances are that nothing will happen as it is very likely that any money that these people received is all into family trusts and private companies, and even into wives/spouses accounts.
since half the Gold Coast is built on a swamp and a big chunk more on a sand bar i guess you guys are hoping climate change is real
( no skin off my nose , i don't like salt water fishing anyway , even if the water is closer , soon )
It seems to me that nearly all of the people in high paying jobs including Company Executive and Directors, all want to move to the Gold Coast and join the white shoes brigade while coming up with more schemes on how to rip some unaware and poor bastard off.
How about it Nev et all.??
How is poor Maxw coping with it now that CDU has gone down the drain.??
I hope he has given up writing everyone around the World about the Swiss trying to take CDU over on the cheap.
Now it will be the Chinese that will walk away with CDU and all it's subsidiary companies for a quick tango and a very soft music.
Yep the Chinese were the God send to us to get us to the unimaginable quarterly dividends and $100 per share.......................................... AS IF..
Will all the previous Management and BOD's be pleased of what they did.??
Some of them will as they walked away with their pockets and backpacks full of gold.
They should be very proud of what they did.....................NOT.!!!!!!!!!!
And where is you mate T4P in these days New Pilot.???
No where to be seen but living the high life in his island.
IMO it is a very big Shame on him .................. Shame....
If I was him, I would come out and apologise for all the baseless ramping and made up stories I did.....................But that's me and THAT IS A BIG DIFFERENCE.