SHE 28.6% 0.9¢ stonehorse energy limited

Ann: Quarterly Activity and Cashflow Report, page-100

  1. 2,963 Posts.
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    Yep, a company being valued for this long at its cash holding for so long should always be a concern. To me it shows a total lack of confidence in management that they're able to generate future growth opportunities. It's a total embarrassment and would usually make it a target for activist investors calling for a change of leadership or a change in strategy or capital allocation. Investors on here calling for this are often slammed because it doesn't fit their narrative. Some seem to have a real fetish for keeping the status quo here. Our CEO is also CEO of AVW which has ZERO buyers and almost 180m shares on the sell side. What another sign of confidence? Absolutely disgusting.
 
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