"Following the departure of the CEO late last year,the Board commenced a thorough review of the Company’s strategy and operations."
"The Board is taking immediate steps to generate cash flow through the realisation of inventories, reduce cash outgoings through the implementation of various cost savings initiatives and exploring other options to reduce the potential financial risk to the Company posed by further delays".
They should have done this long time ago. Almost all cash gone, sold assets, wrong strategy and plenty of failures. It'll go down to their 40s, where it belongs.
PAL Price at posting:
65.0¢ Sentiment: None Disclosure: Held
