Quite valid.
Unless Wilson and friends can advise he market soon on how it plans to pay down debt, buy more trees and continue with research funding between now and when sufficient cash low is available, then there is going to be either a rout or a takeover.
i.e. do they plan another equity raising or sell down the valuable pharmaceutical side (for which it is now named)
Without this information, a true value of the company cannot be established. Meanwhile, in the absence of real information the shorter's are in total control of sentiment throwing fundamentals to the wind.
I do not believe the company will become bankrupt - the 1/3 of trees have a value as does the plant and equipment, so $0 is baloney. With full disclosure the company may be worth $1.30?
To me it currently is worth south of $0.80 and north of $.50
I hope it can be clarified soon. When clarified I may buy again.
.
- Forums
- ASX - By Stock
- Is this a corporate raid?
Quite valid. Unless Wilson and friends can advise he market soon...
-
- There are more pages in this discussion • 5 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 QIN (ASX) to my watchlist
Currently unlisted public company.
The Watchlist
FHE
FRONTIER ENERGY LIMITED
Adam Kiley, CEO
Adam Kiley
CEO
SPONSORED BY The Market Online