Mr Kum has been at the helm of this company before.
He knows how to fix it and i would rather bet that he retakes control and reaches an agreement with lenders, rather than buy shares in this company.
The alternate is a less leveraged offshore owner comes in and undercuts the contracts that presently underpin the niche business the company holds. No one would get anything then.
There seems to be a few soft debt sales going on as the lenders look to cover themself first rather than face the music of a firesale.
I am looking out for signs of where this may be happening as i see that side of the coin as a better investment - hence interest here.
MRM Price at posting:
18.5¢ Sentiment: Sell Disclosure: Not Held