Cudeco1. I reckon that part of the top para on Page 35 "might" have a hint of how they want to repay all of that debt and IMO also puts a definite warning that "something" MUST be done and not to continue the way that they are. It's tightrope stuff!!! Their very life blood is the reliance on Bizzell's loans and people being prepared to work for them on a promise. In fact, IF they are prepared to work on that basis, the cynics would say that it IS in THEIR interest to keep the SP as low as possible???!!!
The longer it goes without a cash flow (the ML) the bigger the debt becomes!!! Management is being painted into a corner that simply shouldn't be happening when we were told that the TOs were "friendly" with no issues!!
I am also of the opinion that Management are being referred to "popular" posts and they are being read. I have no reason to doubt that, so, they at least know what the majority of HC readers are thinking.
LNY Price at posting:
0.3¢ Sentiment: Buy Disclosure: Held