CLH 0.00% 6.8¢ collection house limited

ETA ON OPENING AGAIN?, page-2

  1. 3,027 Posts.
    lightbulb Created with Sketch. 1155
    expected to be 30th Sept, but was extended to 30th Oct....so 1 more week

    mgmt totally screwed this up IMO......investors are going to be extremely cautious in the next 2-3 weeks with US election, so putting a deadline in the middle of that was not smart.

    plenty of companies took their opportunities when market confidence was high and credit markets were accommodating, but to get to 7-8 mths after suspensions & standstill agreement and then ask for a further extension just backs themselves into a further corner.

    Board should go, mgmt should go........hopefully the banker and new investors (if there are any) insist on this before coming to any agreement
 
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