They indicated that the audited financial report would be lodged with ASIC & ASX at the earlier of a refinancing agreement with a counterparty or the 30th of Nov so my understanding was that 30th it would be done.....and they have literally left it to the last date (or perhaps another delay).
These well paid executives have had all year and still cannot negotiate a way forward for this busienss.....each month they delay, the PDL book reduces and future revenues reduce as competitors eat their lunch. Lower PDL means lower collections, means lower profitability for an under-utilised staff......what is so difficult for these people to understand?!?
CLH Price at posting:
$1.09 Sentiment: Sell Disclosure: Held
