re: some people just dont get it !
I've been very critical of MSC for a long time - the facts are that these guys have an attrocious track record of achieving anything they have ever set out to do . They are good at spending other people's money , but frankly absolutely hopeless at carrying on ( AND MAKING PROFIT ) any business activity.
Anyone can hire consultants and spend money ..... its getting the returns that sort the duds from the performers ... listing on the London exchange ??? a great strategy to maintain the b u ll s h i t flow of product that these guys are so good at ...and a brilliant strategy to ensure they suck more money from wood ducks to keep themselves employed ..... but why wouldn't they ...its legal .
The fact is they just shouldn't be in business. From the time they listed back in 1996 ? everything they have touched has gone bad ( if you don't beilieve me go back over their reports ....the same old promises ...the same old excuses )
Bad management destroys equity ...thats a fact .....
MSC Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held