My opinion only but they have no choice but to sell assets they cannot Cap raise at current SP because the market cap is just over a 100 m to raise at 10 or 15 c would only give them 50 m towards their debt and at the end of the day they have 300 m in debt. The banks own this stocks now and they will force people's hand as soon as they are legally able to. The trouble with selling stuff off is that only the good stuff sells and your left with the rubbish. This company needs a massive turn around in sales or it is officially finished. So much for Launa turning this around all she did was bury it. I hope it's the last time she ever sees a paycheck, as for Gordon, shame on you for being such a fool you should have known better. As for me single biggest mistake in my life buying this company. I am becoming redundant from my job soon and I have lost all my nest egg thanks to margin buying on BBG.
- Forums
- ASX - By Stock
- interpretation
My opinion only but they have no choice but to sell assets they...
-
- There are more pages in this discussion • 15 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add BBG (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online