Will ME1 or sister company ROO go under first?
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Don't know much about ROO, just had a quick look at their announcements and visited their website to see who is running that company and my eyes are hurting - lots of familiar faces including Blumenthal and even their secretary Leonard Math is there...
Who will go down first? I don't know.
Not only are ME1 selling underperforming assets, but, in my opinion, they are already hinting in their today's announcements of "possible divestments of core assets" which represent 93% of group revenu. If these assets are supposed to be so good, how come they cannot raise funds and have to resort to 'divestment'?
I think they are already looking at selling these core assets as well hence they have included this in their ann. All my opinion only, I could be wrong.
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- Ann: Corporate Update
Ann: Corporate Update, page-21
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