HML henry morgan limited

End of 2017 report shows $1.3m cash and $3.3m balances held with...

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    End of 2017 report shows $1.3m cash and $3.3m balances held with brokers. Minus whatever costs we've had to bear since then, maybe gain some realised profits, so you'd hope there'd be at least some room for the buy-back. Plus if you take the optimistic side, despite the IOU, surely there should be at least some cash instalment towards the debt paid pretty soon up front ... (if we're feeling optimistic!) Also they sold out of SIO (at a loss? - but still, if they sold, that cash would have been freed up, as long as it hasn't already been eaten in auditing and legals).
 
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