1MC 20.0% 0.3¢ morella corporation limited

Ann: Non-Renounceable Entitlement Offer Completed, page-61

  1. 5,440 Posts.
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    The issue is with a level of debt that clearly exceeds the company's ability to meet its obligations without frequent cash injections.

    Lol! Did I or did I not foresee the need for the company with cash to have to dispose of another asset?

    Whatever current cash a company has, what use the management puts it to is more important.

    The deluge of gxy holders here beating the same old drum means ...

    In the meantime, AJM's management just plods on, seeming to make deliveries with more urgency. While gxy slows down production, and looks for a buyer for another asset, and prepares to rev up the natives with 'strategy'...

    go figure...
    Last edited by curiouser27: 21/11/19
 
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