I have been following the MAK forum for the past few weeks and realise now how easy it is for shareholders to be ripped off. The directors only need to drain the accounts so there's no money to pay staff or anyone else then call in receivers. Immediately that happens common stock holders are treated worse than shit. You can't contact the directors you can't contact the recievers. Suddenly, surprise! surprise! a good samaratin who just happens to be in the infrastructure business takes the receivers to lunch and for a token few million they get 100% control of the company. AMP have disposed of about 32 million shares over the last 2 months. If the prospects for this company is so good why would they do that?
RCY Price at posting:
16.5¢ Sentiment: Sell Disclosure: Held
