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Reaper11

14,113 Posts.

8

19/10/18

17:01

Post #: 36191149
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Originally posted by daicosisgod ↑

Not so delighted now with the SP at the minute $4.38 which is below the SPP pice of $4.40

Rene Sugo the MNF CEO needs to be getting better corporate advice than the crap being dished up at the minute.
We now have a mis priced SPP and the explanation recently provided regarding the deterioration in the underlying business, in particular the international division was poor and the problems were know about when the annual result was released but not disclosed. I think the market is starting to get a whiff that MNF is hiding issues.

Rene Sugo needs To take a long hard look at how he is handling these corporate issues.

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What on earth did they think was going to happen? By having the SPP so close to the current price they were always likely to get the double whammy: a tanking share price and little if any capital raised.

Reaper

MNF Price at posting: $4.38 Sentiment: None Disclosure: Not Held
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