Sometimes, management are overoptimistic and not intended to...

Sometimes, management are overoptimistic and not intended to tell bad news, i.e. BAL.
I was very bullish as I was told the things were going well, but it wasn't delivered.

Merchant Fund's approach has drawn me attention, get ride of existing cash draining business and look for a good one, at least provide an opportunity for long term depressed holders to recover losses.

Patrick Riley sold his lot to HK investors at 25c, less hurdle.
Merchant Fund seems want Joanna forfeiting her 1PG shares and taking recruit business.
If this were successful, the future looks good, imo.