I respect your optimism but companies involving Martino have...

I respect your optimism but companies involving Martino have gone belly-up before - some quite spectacularly.

http://www.theaustralian.com.au/new...d/news-story/2fa69982a40cc8caf68d03b2fcf567e7

In view of the debacle that has unfolded at Cokal over the last few years, I can't pay too much credence to the tacit assumption that management probably have everything under control.

They might.

But they also may very well not. Like the duck on the pond...everything might look calm on the surface but underneath there could be some furious paddling going on to stay afloat. We simply do not know - especially in the absence of ANY NEWS from Cokal (par for the course, really).

When you have got $US10m of debt and no current easily-visible capacity to repay it, and then your debt/royalty swap negotiations get blindsided by one party suddenly attracting the attention of US Federal indictments and management arrests.... http://fortune.com/2016/12/19/platinum-partners-arrested-fraud/

well....ain't that a splendid pickle to be in. And money running out.