The share price was in freefall before that.
It's been consistently dropping for years. You have seen the chart right? I know it involves some technical skills, but you should be ok using the filters on the chart in the right hand corner.
I called the dodging reporting out at 23c only to be abused by you and Eloi.
It's a 97% decline since then
that's not a correction, it's a death sentence.
This is $7m MC business, with no volume. no interest (except about 3-4 people who clearly aren't sophisticated investors). They have no cash. No CEO. Declining revenue. less staff.
The board wants to take this private. taking your sizeable losses out of your control.
Why would Darth Vander leave now if he didn't know it's a dead duck? His share allocation would be worth $50M at 11c?
If you believed that, you would work for free.
It's really simple.
- He knows LVT needs this salary off the table to stay afloat
- he can't fulfill his duties of turning around, staying around to climb out of the wreckage is not a good idea.
- If he has a master plan, he either doesn't have the funds to execute it.
- If this goes private, he knows his money is tied up and relies on Karl to do the honorable thing in a sale.
Unfortunately, LVT is Karl. He is the only permanent thing here. The products
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
The share price was in freefall before that. It's been...
-
-
- There are more pages in this discussion • 106 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)