TKG 0.00% 0.3¢ takoradi limited

They are obviously selling MNC shares to raise funds as they...

  1. 209 Posts.
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    They are obviously selling MNC shares to raise funds as they need them. Hence the reason why MNC shares are being sold down at present. Buyers are happy to sit and buy MNC shares when someone else wants to give them away.

    Interesting that TKG management are selling MNC shares under 20 cents but were not keen to sell when they were above 40 cents. Last notification from memory they were selling out around 24 cents but clearly as pointed out they are out of money and would be selling MNC now to pay for adminstratoin and other costs.

    As others have stated in previous posts there is not a lot of forward thinking and they are very slow in decision making. Who knows, action may come if they get some new people and/or MNC gets some better reporting of what they have - being a company making deposit.
 
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