G'Day FolksWell today is a red letter day for Commander. The Fin...

G'Day Folks

Well today is a red letter day for Commander. The Fin Review has noted today that Commander are cash flow negative, that may have been in breach of their financial covenants and are predicting no profit growth over the next twelve months. To top it off, today PPT have started to sell down their holding.

PPT have an excellent track record of buying into businesses which are then down the track taken over. Selling down can only mean that PPT believe that either the take-over opportunity is gone or the take-over price is at the current share price or lower than the current share price. PPT will have taken an absolute bath of their foray into Commander. They only increased their share holding a few months ago.

I wonder if the Hotcopper Memeber Spender1, still wants to shoot his or her mouth off about how great Commander is now.

This company is going nowhere with the current management team in place and even with a new management team, it will take a long time to unwind the damage the current management team have inflicted on Commander.

Regards

Tails