MFS mfs limited

ciy end due diligence on mfs..not going ahead, page-10

  1. 900 Posts.
    I still hold hope for the company.

    although they will be having layoffs they havent stopped paying salaries yet.

    Im assuming they will lay off about half their company, shed all the expenses, use the money from the stella sale to pay off imedient debt. and finish off unfinished investments.

    when they relist they may relist at 50cents, or they may relist at $1.50 (theres no point even trying to speculate this until we hear their annoucements)but i do beleive hey will relist.

    I beleive there are not enough facts to know exactly why the CIY Deal fell threw. it is possible that they wanted nothing to do with MFS, but it is also possible that MFS didnt like their deal.

 
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Currently unlisted public company.

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