Yes kozzie I think it is a fanciful charade. The trouble is that the ordinary shareholder is the poor schmuck kept largely uninformed while these little games are played.
The Management has indicated that there is enough money to last for 6 months. I'm not sure what they mean by that. Do they mean there is enough money in kitty to keep their salaries ticking over while they sort out something else to do after they have ridden RAU into the ground ?
Or do they mean that there is enough money there totough it out for 6 months and then admit defeat ?
Images of ostriches and areas of sand seem to spring to mind.
I think this is going to blow up in their faces and ultimately in our faces as shareholders. I think the flagship has run aground and needs a major salvage job to repair the damage.
Anyone know a good salvage firm?
BIG Price at posting:
4.0¢ Sentiment: Sell Disclosure: Held