Given 70% was on the market for just 500k 30% would have to an absolute min of $200k in a fire sale or admin situation..........then Meo would have to write down $4million on the balance sheet to take NZ off the books...
Meo immediate future lies with Cuba........with a ball park value of around $16million is more than the current MC thus U can see the possibles..........there is a lot of news being generated as we speak......
For a under one cent stock could get 100% increases in value over short periods of time ...yet has plenty of cash left to keep going........some oilers are on there lasts months before administrators are called in....
Meo is not one of them...
Dyor
MEO Price at posting:
1.0¢ Sentiment: Hold Disclosure: Held
