The new MD and team magically supposedly found $100m in cost savings under the cushion on the stinky old couch and then bedazzled new investors and stale old ones with their sound plans to turn this stinking carcass around to profitability. The hitherto mirage of rivers of gold, profits and adulation was now an imminent reality.
But no apparently they will now let some other entity swoop in and steal the company's future prosperity from exasperated, long suffering and further foolish shareholders.
Unless all this talk by MD of sound plans, revised targets, future profits and the like was all spin. Now that wouldn't happen with this esteemed goldie would it.
Move that carcass !!
BDR Price at posting:
6.5¢ Sentiment: Sell Disclosure: Not Held