kozzy303 have you read the other article by the Australian regarding pelorus being suspended today for breach of ASX rules....what a joke!
their H107 net income was $5.9million
their H207 net income nearly halved to $3.2million
if they don't come up with a vast improvement on these figures tomorrow their sp IMHO will be decimated.
notice also that they have only $3.21million in NPAT but a massive senior debt of $150million....to their 'credit' though they do claim that the senior and mezzanine debt structures have no recourse to their balance sheet...hmmm!
pelorus wants control of MCS 16, 11 and 19/NZI
remember the threatened meeting dates?
MCS16 31 Mar...hey, what happened? didn't like the proxies?
MCS11 11 April....what happened there? maybe they meant May or June or???
MCS19/NZ 2 April....hmmm, wouldn't want to be planning your schedules around their meetings timetable now, would you?
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