Buy or not?, page-46

Shumsta,

With this one line you probably lost a lot of credibility....

" However, the current board/management seem to be good operators"

If they were close to good operators the company would never have been close to this position. For years we heard about how close a rail deal was, and instead of building funds for bad times when prices were high, they went on spending sprees, aquiring companies that had no value, building debt at the wrong time.

The company is in this mess because there were poor operators managing it, now they have shuffled the deck chairs a bit still paying themselves small fortunes while having their hands in the til for more.

Subscribers at 5c are more likely to do the lot than make anything, certainly not do well.