re: bounce+moneys will dictate shares movement
Good summary, Joel. The filtration problem is taking them longer to fix than expected. On 3 June, Melrose wrote to shareholders stating "The required equipment has now been manufactured and is now due to be installed next week. Once installation is complete, testing will commence in the next week or so, and we will know if the solution will allow us to achieve major manufacturing capacity increases. This work is a high priority for us". It's a month since then and still no news on the filtration front or sales or whether the SA sales order has been filled. ANN soon on MHI's subscribing to the $20M convertible bonds. Full of uncertainties at the moment.
CMQ Price at posting:
0.0¢ Sentiment: None Disclosure: Not Held
