Company has been raising money from asset sales to fund these ridiculous and unsustainable annual losses. If it weren't for the asset sales I would say that the trading halt was due to final insolvency. But hey, there must be something else on the horizon. Maybe with any luck, a change of management. Absolutely deplorable management over a number of years. Let's see what the end of the trading halt brings (this was supposed to be last Monday).
Anyway, it can't be bad news as they have raised some much needed cash from the 2 sales to keep the co afloat.
Call me an eternal optimist.
OTE Price at posting:
0.1¢ Sentiment: Sell Disclosure: Held
