Hi OZJO
Every thing i know about this trade ,about running smash repair business's, about owning the largest privately owned heavy MSO tells me this place is a basket case,
but the share market and business run by legal and financial ppl is totally foreign to me so I honestly have no idea.
Seems to me the queston around "Who's going to throw the clowns out"? can't be answered. The moore the board hold the proxy votes the longer they stay and why would they vote themselves out of a cruisey job on drug money with no accountablity, knowing they won't get this gig ever again.
While they pay the bills as and when they fall due and have suncorp seemingly painted into a corner for cash on call, they could linger on for ??? years ( or get toppled by suppler who hasnt been paid for months ??). Loosing 140 mill years in a row can't be good for cash flow. and tapping the shareholders next time is not likely.
part of me wants to sell, yet I placed a small order this afternoon.
thats my friday rant
