Isn’t Malcolm Turnbull now looking for a new job? At our current cap he could buy management out and run the show.
The only thing which would give me faith in Management right now would be to have them come out and admit they’ve just got this wrong. Plain and simple we have stuffed up, it’s inexcusable and we apologise. Our strategy moving forward will be as follows, with clearly defined dates and actions.
Our cash must be close to drying up, they’re going to need equity from somewhere, I’m doubtful they can do it to be honest. I for one wouldn’t participate, if I was an insto I wouldn’t participate. Our best hope is BCC says we’ve invested, we will give you money but caveat is we get a board seat and they clean up the mess.
I’m bitterly disappointed David has left, would love to know the reason behind it, he appeared to have had a vision of what things would look like. But obviously behind the scenes things weren’t all roses......
Either way it’s the little guys who lose out, existing management probably don’t care so long as the pay hits their account every Monday.
MTC Price at posting:
7.5¢ Sentiment: Hold Disclosure: Held
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