The fact that there is still to this day ~$1 million on administration expenses per month is excessive to say the list.
The board should be able to break this down and clearly demonstrate what this is made up of?
Might be time to get a PhD in photocopying and apply for a job at MEO.
MEO is very similar in current cash reserves to RMP except what happened to MEO today happened to RMP ~6 months ago and it took months to get there - it appears obvious to me that MEO will be back ~2 cents within 6 months which will be the cash backing now minus the forecast expenses as stated in the most recent annual report and cashflow statement.
MEO Price at posting:
7.4¢ Sentiment: ST Sell Disclosure: Not Held
