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Draft Letter anythimng to add

  1. tigmeister

    6,567 Posts.

    Letter to ASIC
    Cockatoo Coal to Raise A$125 Mln at Deep Discount

    The management and major shareholders have deliberately run down the company's finances purchasing Blackwoods (BWD) which they did not need, and have now conspired to dilute all existing shareholders out of existence, while retaining ownership of the mining leases which we have all paid for.
    The issue needs to be put to shareholder vote and the majors involved in the conspiracy cannot be allowed to vote on their own or on each others capital raisings. (You scratch my back I scratch your back deals)

    Cockatoo are in a trading suspension and we request also that the extension can be continued until the matter is resolved.
    Yours Faithfully
    The Shareholders

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