disappointing announcement....
expecting the new CEO to come up with something half decent and all he can come up with is selling the main asset, the one they have hung their hat on since the IPO!!! and a 10% annual dividend, do they understand how to grow a business!! Why wouldn't we get rid of the wireless internet stuff that only produces bad debts!
what do we have left, 1 contract with Pirelli?
Cao is a disgrace! who are the Asian institutional investors? i am tipping the hedge fund boardie who left (that was predictable), who was money invested by Cao and his mates!!!
this is going nowhere fast.
management need to explain very quickly!
anyone got an email contact?
good luck to all long term holders, we are going to need it.
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term sheet with investor, page-3
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