Shows how tight things must be getting. Last quarterly they...

Shows how tight things must be getting. Last quarterly they reported "cash and liquid assets" although as I noted at the time (https://hotcopper.com.au/posts/73593544/single) none of their 'investments' are liquid. They were holding them on the balance sheet as almost $2.4M but mark-to-market its clearly worth far less today.

In the case of MAN, the liquidity is so poor it's taken them the best part of an entire month to exit their position and they've crystallized a 52% loss. The original position of 30M shares was built through a 5c entry, and they bought another 5M shares on market for 5.64c, for a total spend of $1,782,000. This was in March 2023 so in the 16 months since they've turned $1.78M of shareholder money into $863K. Had they simply put the cash in a 4.5% term deposit they would have got back $1.88M over the same period...