Spot on. It's a really shame they didn't CR, I would have grit my teeth and supported if push came to shove and I could see some light at the end of the tunnel, instead of burning the Supply Base.
None the less, despite the level of debt, there is a case they may survive. They are actually positive in some comments re the market which is a first time in a long time.
It's a high risk stock for sure but don't panic!
MRM Price at posting:
24.0¢ Sentiment: None Disclosure: Held