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10/06/16
21:34
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Originally posted by suzanmb
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Good Morning Mermaids , With all the relentless gloom and doom posted on this sight , and indeed downright embellishment , it is time to stop and clear out collective heads . Make no mistake we are now entering the recovery period . MRM has survived , not without a severe beating , but survived nonetheless . We will see a slow period of adjustment as the big investors / traders begin to reposition themselves in the overall oil market . This could still be a bumpy ride but definitely better things to come . So be cool stay positive and remember ' money always flows from the impatient to the patient ' Cheers Mermaids.........
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What evidence is there that MRM has survived?
If there is no evidence, other than the stresses we see with others in the industry, such as in ability to get sign off on accounts because of in ability to satisfy lender requirements, it might be a good idea to have a read of this:
http://download.asic.gov.au/media/1339292/Insolvency_guide_for_shareholders.pdf