Yep I agree it looks like they could easily pull out of India. The underlying business is good but it has been badly managed with excessive spending. I am hoping the new board members have given them a big shake up and that this quarter will be much better showing good positive cash flow. It also looks to me, having read the changes made at their special shareholders meeting, that they are preparing for a possible part take-over. Whether this happens or not depends on whether other outdoor media companies see value in their product.
XTD Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
