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33.0¢ mma offshore limited

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ckchristian

1,759 Posts.

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03/08/16

10:56

Post #: 18432719
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Originally posted by Austinhealeysprite ↑

I don't think this would be anything to do with Jaya, more just a play for control of a company he would like to own at a good price.

None the less, look at Cardno's share price and its recent drop from over $3 to about 58 cents to see what happens when the CR happens after a large shareholder gets some seats on the board.

CR will very likely need to happen as the business can't sustain the debt I expect and the industry outlook is really really bleak, likely for 2 or 3 years. Shorters may come back on post the position build up.

Please do your own research, but I'd be looking at the rally as a chance to sell and not too buy.

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Thanks AHS! Appreciate the time!

MRM Price at posting: 33.5¢ Sentiment: Buy Disclosure: Held
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