As I posted several weeks ago, the lack of information from this company is concerning. From what I have seen of other companies in this holding pattern, a sale/ takeover/ restructure is likely.
Would not like to see MediVet hived off as this has been my main motivation of late for holding my investment. But at this point I would guess that it is the next move for MLA as they have no competence to run an animal health business.
I agree and endorse the insights of Wegian. When Donnison ran the business there was good information flow, and since he left NOTHING. SP at 42c when he left, today 7.5c, and the current CEO incentivised to keep the SP above 12c for 8 consecutive weeks.....wow, now there's a challenge if ever I saw one, who dreampt that up?....go figure. I have been a long term holder of MLA, at prices far, far above the current level - like most of us. I lament the driftwood/ shipwreck comments, but fear that unfortunately you are on the money, or off it in this case. This stock had so much potential.
Fear now is that Hancox (a corporate raider by trade) will break this business up and get what he can for the individual pieces. DYOR And watch this space.
MLA Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
