Apparently we’re gurus for having basic common sense.
Company has no money and cannot grow while it needs to cut costs. They have no intention of raising capital on their own admission and it’s likely that the cuts will be so significant that revenue will continue to decline. Strategic review/restructuring is a term used by insolvency advisors to essentially trim the fat, pay out the redundancies you can lodge and pay compliance documents and prepare for the end.
Eventually it will be so obvious as the holders will receive letters from the appointed administrator. Until then, they will literally cling to the life of this dead duck as your rightly say, and will likely cook along with it.
- Forums
- ASX - By Stock
- Ann: Quarterly Activities/Appendix 4C Cash Flow Report
Apparently we’re gurus for having basic common sense.Company has...
-
- There are more pages in this discussion • 105 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add LVT (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
CCO
THE CALMER CO INTERNATIONAL LIMITED
Anthony Noble, MD & CEO
Anthony Noble
MD & CEO
Previous Video
Next Video
SPONSORED BY The Market Online