I think the market says it all. No interest from investors because of uncertainty about ABM's financial position. What we are all potentially looking at is owning shares in a company with no income and no cash either. The vultures will swoop and there will be no alternatives. I for one hope that the panel allows the RI to go through and as many sh as can afford it to take up their entitlements. I know there are some sh who have a conspiracy theory that PRC are behind some sort of takeover by stealth. But what if they merely want the company to keep operating so that they might have a chance of recouping some of the $20 mill they have lost themselves? Best way to stop them having too much influence is to take up the rights. Why cut our respective noses to spite our faces?
GLTA
PB
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I think the market says it all. No interest from investors...
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