The SP fell roughly 10% a day for the week to finish at 9.1c. To be fair, most retail stocks were punished aswell.
I would be surprised if Mark Haysman survives the Strategic Review given his track record of bad calls. And the CFO should go aswell. I cant fathom how they agreed to the interest rate terms of the PAM Line of Credit in a rising interest rate/price sensitive consumer environment. Growth at any cost I suppose!
Anyway, I'm sticking fat with MCL, I figure I have done my dough on this stock so its all upside from here. MCL do hold some quality assets, the sum of which are well in excess of current market cap, lets see if some value can be extracted here.
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