ME1 0.00% 0.1¢ melodiol global health limited

Ann: Corporate Update, page-21

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  1. 608 Posts.
    lightbulb Created with Sketch. 118
    Will ME1 or sister company ROO go under first?
    ------------------------
    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.


    https://hotcopper.com.au/data/attachments/5799/5799991-34b478a88b9a1cc3aaf0ff4096214060.jpg


    Last edited by VictoriaCoast: 07/12/23
 
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