Management got booted. Nothing to do with their earlier upbeat comments in Aug.....not.
$600 mln in debt with Hedge funds in control and tried to support the SP @ 2 cents.
Plus ASX and ASIC took 2 days to ask them why the SP had fallen over 50 % it seems nobody cares.
Shades of SGH and Gordon Gecko (asset stripping or what's left)
Yep it hurt me and I bailed when it fell under 2 cents.
Sucks!
Bly Total share percentage, page-14
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