he has to fall on his sword, move onto another venture and learn from this.
a very painful lesson for him but the company should be bigger than any individual and he is simply carrying too much baggage now.
i think there could be further downside, 20cps is not impossible imho - that would still be a market cap of $130 million - but long term i do expect a phoenix to rise out of the ashes here.
i wouldnt be buying yet but at some point in the future i do think this will represent a compelling investment but there may have to be even more capital raisings & then a share consolidation before such time.
- Forums
- ASX - By Stock
- ABS
- end of eddie
ABS
a.b.c. learning centres limited
end of eddie, page-14
-
- There are more pages in this discussion • 3 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ABS (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
SS1
SUN SILVER LIMITED
Gerard O'Donovan, Executive Director
Gerard O'Donovan
Executive Director
SPONSORED BY The Market Online