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Sadly it's just typical for ASX listed (and other exchanges)...

  1. Twinsen
    601 Posts.
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    27/11/12
    19:42
    Post #: 11115503
    Sadly it's just typical for ASX listed (and other exchanges) companies, especially small companies.

    The directors and upper management often have a(unspoken) view that the company is just a vehicle from which they take money from share holders.

    It appears this is no different.

    They have almost run this company into the ground.

    This is why I am getting out of most small cap stocks now unless there is an extremely strong reason to stay in.

    Cheers

    Twinsen
    MNB Price at posting: 13.5¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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