There appears to be no interest in reprimanding the former management team that dug the grave in the first place.
My position is a large one and I have supported the company from their IPO in Dec 06 but 4cents is a bloody joke...
The company is worth far more than that as the PCs are doing well en mass and are great little businesses.
The lingering debt exposure though warrants privatisation, re-structure and I tip a potential re-float when the foundations / confidence of the market returns.
Hannan is a smart guy...and he stands to make a truck load from this...shame the investors such as myself have not been looked after for years of support/loyalty...old school investing around loyalty and the integrity of management to do the right thing by their shareholders is out the window.
Blackpunter - punting as usual...
BLU Price at posting:
1.7¢ Sentiment: None Disclosure: Held
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