Forum Topics CTT CTT Risks

Pinned straw:

Added 9 months ago

Have been keeping a watch on CTT after exiting at $0.80 previously, in what on hindsight, was not a good call.

Dean selling out a few days before this tax drama broke out is a little more than coincidental?

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Jimmy
Added 9 months ago

@jcmleng I'm guessing the CTT response release pasted in below came out after your comments....if so and CTT accusation is incorrect we may have a rare buying opportunity in what looks to be a pretty good business.

CTT RESPONSE:

"The article in question referenced a shipping label from DHL and highlighted the language “Duties & Taxes Unpaid”.

This language on the DHL shipping label bears no relation whatsoever to whether or not duties were applicable to the shipment, nor whether duties were actually paid. Rather, it refers to a service provided by DHL whereby it facilitates the payment of duty on behalf of its customer (Cettire).

In this specific example, Duties & Taxes Unpaid simply means that that service was not provided by DHL on the relevant shipment.

It does not mean that there is any outstanding duty payable by the customer or by Cettire in relation to the shipment. Any implication in the article to the contrary is incorrect."

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