Market's view on Cap-xx
Published on April 2024
Stock Watchers’ Discussion Summary
- A significant volume of 500 million shares has been traded, indicating active trading.
- Stock watcher highlighted Anthony Kongats’ role in the perceived mishandling of funds at CPX, suggesting a pattern of ongoing financial mismanagement.
- Cooley increased his shareholding from 80 million to 200 million shares.
- Concerns about CPX’s financial stability due to ongoing losses, upcoming court fees, and loan obligations were discussed.
- Cooley’s previous investment decisions, particularly with ITM, were criticised for squandering shareholder money.
- There was a discussion about the ease of buying shares, suggesting high availability of stock.
- Anticipation of new stock placements and the implications for current share prices and shareholder value were also mentioned.