Post by
solgursky on Jun 19, 2015 11:30pm
A doozy of an AGM
At the AGM on June 26 CEC will consolidate its shares on a 1:10 basis leaving 7.8 million shares issued. Watch for a name change, some new property or venture, and a share offering.
Casting off the Raven project like a leprous limb, the company will have reinvented itself, left its history of dismal incompetence behind, and will go on to repeat the past.
Compliance Coal Corp. will be spun out of CEC, with 7.8 million shares, which will be apportioned out to CEC shareholders.
What will happen with Raven next? It'll still be just as bad as it is now, just as bad an investment.
What will happen with CEC's $1 million in payables, and $10 million deficit?
Why has this caused no excitement in the share price? Because they'll be even cheaper after consolidation - what do you guess? Seven cents? Five cents?