I've suggested many to them ThoughtfulB, but the sticking point they come back with is always the slow pace and need to wind up the Asian subsidiaries, given that many of them are involved in legal proceedings.
This will go on for another 2 years or so, to mid 2019, after which there will be almost no funds remaining. I don't know what they do with the shell then?
It's a lost cause, and the current administrators quite frankly don't seem that interested in finding ways to expedite things in Asia and then find an RTO investment, so really it's game over.
Hopefully they can let us know when it qualifies for a tax write-off.
Meanwhile the former MD/CEO is off running all kinds of deals in the Cryptocurrency space. Wish I'd never heard of this stock, and the management which ran it, they are all on my black list now.
Gw
E88 Price at posting:
65.0¢ Sentiment: None Disclosure: Held
