Management are just happy paying themselves salaries without actually doing anything. Money has almost dried up since the restructure and where they were once trading at a 50% discount to cash backing this has now gone the other way.
They have proven themselves incapable of being able to generate $1 of shareholder value and equally incapable of being able to deliver a project of any size. The only production we'll ever see from Trouser Legs is the brown variety running down them..
HAW Price at posting:
3.0¢ Sentiment: None Disclosure: Held
