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cobra bites (CBF)     

hangon - 16 Dec 2008 13:07

Arrgh!
+someone sells 2k-worth and the sp falls to 1p.

Add to that the chart is out of memory(?) and we are without Cobra-charts.

This company has been mismanaged due it is said to a large holding by the D-'s and this appears to be preventing better commercial activity for some strange reason. Maybe this should be made clear to AIM-investors, for it means any Inestment is shrouded by a private cloak. This means that it is not a normal investment, subject to "supply and demand" - er, IMHO.
-Another example of this which has caused much distress although this is not connected is MMG - the company with high expectations - and almost a disaster for any retail-investor.

Does anyone know of other examples?

I have no problem with Directors owning a small %, like 5% which they have paid for at "retail market prices" - (ie NOT Options!)...but Directors should not be allowed to own more than maybe 15% collectively...otherwise they control the business and might as well go private.

+Look at the sp - that's key.

EDIT (13March09)- sp falls 50% on News one customer is backing out (presumably lack of funding for whatever it is).....and this will have a major effect on CBF - - - - well, if it wasn't one Customer, it would be another. Management needs to have in place plans for that eventuality - I mean have they spent money up-front which the lost-order will not repay - aren't there charges up-front to adapt their Process, etc?
EDIT(2Jy09)-seems there is some good news ( well, compared with the earlier flood of "bad") - Orders appear up etc etc. but no mention of the D-shareholding . . . are they still holding back the Company, I wonder?

pethris - 16 Dec 2009 16:55 - 2 of 2

The non execs have failed the company.
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