Obviously the financials is not the news we wanted to hear. However at least they are implementing a restructure. I was going to post Friday at to why we haven't heard them laying off staff, but their update now advises that on top of other initiatives, they will be reducing staff numbers.
It's going through all companies at the moment, at least the director is not on 1.8 mill a year.. LOL.
I agree this is one for the very bottom draw to pull out when we become rich or when we are writing it all off for a capital loss.
Cheers all.
CQU Price at posting:
3.0¢ Sentiment: Hold Disclosure: Held
