A large number of shareholders investment was NOT based on assets/companies that have been liquidated. There are many who have held for over 10 years.(very faithful shareholders).
The company being in limbo for such a long period of time should have had an opportunity to investigate many different projects. Surely there would have been cash flow positive ones amongst them.
I find it hard to comprehend that companies that have been in business for up to 10 years need loans to get up and going.
To say that I am angry at new management for what happened 3 years ago is quite incorrect, I believe that the company is acting with the same attitude to shareholders as has been over the last 3-5 years.
For shareholders to base an opinion on how great our company will be, a lot more disclosure needs to be related to shareholders than what has been so far.
And how many of our current directors/management are truly independent from any of these companies and their people.
It has only been disclosed as to one name on one of the companies. What about the rest, who are the related parties of the other companies.
Any projects that are going to return shareholder value I am all for, but to date nothing that has been disclosed has convinced me that these will be the making of a new MOT, there needs to be more concrete and less maybe.
IMO DYOR
MOT Price at posting:
0.1¢ Sentiment: None Disclosure: Held