It will be interesting to see how this close down works through. Loretta Lee seems a pretty tough cookie and obviously wants to "retire". They sold FIT for 4 million and sold the 33.79% of Tianxing for $8 million. Both rather surprisingly high prices so obviously she is a good negotiator.
The remaining Textile business appears to be carrying nearly $10 million in buildings and improvements and $10 or $15 million equipment so if MHI manages to sell that off even for a quarter of that then potentially there is another $5 or 6 million to add to the $7 or so million cash.
Potentially a fair bit to distribute on wind-up. BUT risky here definitely DYOR!
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It will be interesting to see how this close down works through....
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Last
16.0¢ |
Change
0.090(129%) |
Mkt cap ! $15.08M |
Open | High | Low | Value | Volume |
9.3¢ | 16.0¢ | 9.3¢ | $45.93K | 336.1K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 38000 | 15.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
16.0¢ | 66627 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 38000 | 0.155 |
2 | 165551 | 0.150 |
1 | 89727 | 0.115 |
1 | 48473 | 0.095 |
1 | 15000 | 0.090 |
Price($) | Vol. | No. |
---|---|---|
0.160 | 66627 | 1 |
0.170 | 15000 | 1 |
0.175 | 28505 | 1 |
0.180 | 33091 | 1 |
0.190 | 978780 | 2 |
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