Picture this Silkroad..
The past year there were 2 rounds of consolidation.. probably 1-2 billion shares were issued to these lenders in lieu of payment (many would have dumped this on the market hence the prevailing share price).. now ME1 is selling its main income generating asset Mernova to pay these ppl off. Lets be real, who in the right mind would take over HHI and its other shitty business units which are now defunct, Mernova is the duck that lays the golden eggs.
Insanity is doing the same thing over and over again and expecting different outcomes.. Management is still the same (Oakley capital is linked to AB).. So ... do you expect the results to be different?
Hey @surfthemarket.. i guess Mernova will soon be the gift that "STOPS GIVING" ey? Too shy to admit you were wrong? thats ok.. there are many like you here..
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Ann: $12m Proposed Cash Asset Sale to Strengthen Balance Sheet, page-16
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Last
0.1¢ |
Change
-0.001(33.3%) |
Mkt cap ! $924.8K |
Open | High | Low | Value | Volume |
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ME1 (ASX) Chart |
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David DeTata, Managing Director
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