Beccause he actually believes the cr ap they have been saying about having turned around the business.
Their reporting systems are so shot that the latest news was not known by them.
How much was that new CEO's package again?
What have they done with the proceeds from all their asset sales? Oh, was that pay directors fees and executive salaries??
Appears the company is just existing for the benefit of management and employees, shareholders....well, they can always sell!!!
Just wait until the next lot of results come out...oh another loss.... oh yeah, we have borrowed some more money again.... from a related party at terms with will significantly be stacked on someones favor....not the shareholders.
I guess executives will also get performance bonuses because there will be an UNDERLYING profit of $2m....what a joke!
NLX Price at posting:
0.0¢ Sentiment: Buy Disclosure: Not Held