CVI - CVI Energy Corporation

haddadf said:

Hi all,

Was hoping someone would shed some light as to why CVI is still suspended from trading. It was suspended by the ASX on 1st April for not lodging the full year accounts.

Full year accounts was lodged that same day. I would have thought the ASX would have reinstated trading the next open day. Other suspended companies have commenced trading after submitting their accounts.

Am I missing something.

I disclose holdings in CVI.

Cheers

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JTLP said:

To try and be fair and not get dragged into any legal proceedings:

It would appear CVI are on their last legs with zero mula in the bank. Hence they did a raising of some sort on April 1st but are still yet to come out of suspension. They haven't released the accounts yet either...perhaps a reason to still be suspended? Remember it is illegal to trade when insolvent (general advice...not CVI specific).

This company has been plagued by angry investors for quite some time...the story over at HC isn't very pretty...might be on her last legs...

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haddadf said:

JTLP, Thank you for your view. I thought the answer was never going to be straight forward. I have read this thread and understand their views, I lost a lot of money on another stock that went broke and couldn't repay its dept.

Lets hope CVI still has legs to stand on, the activity of the last couple of months I think and hope could turn CVI around.

Just a quick note; You mentioned that CVI still hasn't released thier accounts, was the "Annual Report for period ending 31 December 2009" released on 1st April not the accounts that they were due to release?

Hopeful, not just for me... But for all shareholders of CVI.

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prawn_86 said:

Came across this one in the 'similar threads' section and it gave me a chuckle. This was one of the biggest pump and dumps i can remember and interesting to note that the co is now completely broke and delisted.

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