forum deteriorating, page-2

Pre restructure the SP price went down with no news and then ... whammo..depsite the lies from management, the company was broke and not enough work to pay the bills. Same thing appears to be happening with the SP less than half of what was a very watered down market cap, no news, they still lost money on the last report, ie nearly broke even with EBIT , ie a loss, and no one has any idea what contracts have dried up and there seems to be no work forth coming going on the pathetic silence as usual.. The rising AUS dollar would hurt the UK earnings . Robin King must be he only man in the country getting half a million dollars for running a 2 cent penny dreadful company and his value is yet to be proved along with the new management .He has done nothing different in my view to warrant his pay, just flogged some toxic assetts and got a pay rise about the same time as the coin came through. He should be doing so much more except sitting on his butt and waiting for someone to come and make a low ball takeover offer. If the next earnings report comes out a dud, there is nothing between 2 cents and 1 cent in the share price . No -one wants a company still bleeding money after mistreated shareholders just paid out all its debts. This company does not deserve a CBD location as its base.