It appears from the scuttlebut around the business's that Ray Malone has slashed costs everywhere especially the corp overheads. This guy has the business at heart and has a vested interest to get everything going forward NOT like the others before him who had very different agendas.
I reckon this bloke is going to sort it all out, that is get the money raised, pay out the vendors and MOVE FORWARD.
All this negative stuff will be behind us very soon.
I can see excellent gains to be made once the write offs to the balance sheet are done, capital raised to pay out vendors and get them out the way and then the remaining business's are very profitable.
This business WILL survive and go forward OR have I got all this wrong?
The bank has not wound them up
The vendors have not wound them up
There is no major volume of shares being sold,,no large shareholders are selling
Major write downs will result in a sqeaky clean balance sheet
Money WILL have to be raised one way or the other
The share price WILL go up when the announcements of positive changes are reported
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Mkt cap ! $286.9M |
Open | High | Low | Value | Volume |
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3 | 3726 | 1.040 |
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1 | 50000 | 1.030 |
Price($) | Vol. | No. |
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1.055 | 77023 | 3 |
1.060 | 53603 | 4 |
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