all their debt ledgers could potentially be worthless. This is their net asset base.
They still have alot of debt. Look at their interest cover and how much it has come down.
Their small market cap and declining earnings is hurting their business model of continuing to buy debt ledgers.
Once a debt ledger doesn't perform it's very difficult to increase its performance. Usually gets written off.
Not down and out, could turn it around....but hard to see a catalyst. half year earnings didn't do anything...one poster here claimed they'd rocket on announcement.
In a boxing match we are getting close to the final round. Who knows, a trading halt could come up any day/week.
CCP Price at posting:
0.0¢ Sentiment: LT Sell Disclosure: Not Held
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