Meo has $100 million in cash. At this stage it still has a partner called Petrobras. Meo history says like Phoenix , it will rise from the ashes. The major damage to the share price , would appear to have been done. It should be remembered that at the 1/7/2010 , the share price was 24 cents and the cash in the Bank was $36 million. It will be interesting to see the top 20 Shareholders at the end of December. For every share that has been sold, somebody has bought it. My thoughts only . Do your own thing. Good luck to all.
MEO Price at posting:
21.5¢ Sentiment: Hold Disclosure: Held
