From Van Eyk CEO today:
“We remain absolutely committed to providing our client’s with a seamless quality research and consulting service and it will remain business as usual for van Eyk in delivering on this commitment while the voluntary administration process is underway,” he said.
Business as usual?? Really. Once confidence is gone, it's all over. Their research is worthless as they didn't appropriately look after other people's money. Who can trust them now!!
The seller of the stake that AWI bought obviously knew about this problem and AWI had no clue.
At least AWI can raise more funds from shareholders down to 0.001c.
Browny, or Andrew Brown is the genesis of the lost ten of millions for the original Fat Prophets holders. I hope he still has a large holding in AWI.
AWI Price at posting:
20.5¢ Sentiment: Sell Disclosure: Not Held
