MAE 0.00% 0.0¢ marion energy limited

re: Ann: Change to Executive Management of Co... Well, a quick...

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  1. 261 Posts.
    re: Ann: Change to Executive Management of Co... Well, a quick scrutiny of the 2013 accounts reveals a grim picture, unsurprisingly.

    Lots of unlisted options issued, profit royalty liabilities, liens on "assets", ZERO income from sales, and statements to the effect that tax losses are unlikely to ever be usable.

    The only thing that was pretty in the slightest was the reveal that directors and CEOs have received bugger all cash payments.

    Total Equity is shown as $131,597,049, so with 212,645,805 shares on issue this translates to an equity backing of $0.62 per share.

    Good luck with realizing anything close to that when it relists............
 
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