The silence from management is deafening. Take a cue from CVN CEO issuing out a Letter to Shareholders today. Makes lots of difference if all current and potential SH are well informed rather than sitting puck on his office taking phone calls from individuals.
I can understand management may need more time to have an upper hand for serious negotiation with financiers or banks to get the best possible deal and still keep SH informed without divulging strategies or confidential commercial secrets. There are many ways to put out a message or skin a cat as they say.
Sitting in his new office not doing anything to inform SH and letting the SP tank towards new lows is beyond me. I mean surely he does realise the kitty is shrinking fast and TON may not be able to pay his wages? Is he really waiting for calls for EGM for a spill?
So many outstanding questions. And he got nothing to say! I will not pay another cent for the next CR that's for sure unless something positive is done or achieved. Silence is not golden.
TON Price at posting:
5.3¢ Sentiment: Buy Disclosure: Held
