What we have been told is that the company needs to be simplified. This involves selling off one third of the business by a board and management team that is accountable for the value loss led by an unelected chairman and other unelected directors who do not feel any need to let shareholders have a vote.
This can lead to further selling off of assets at a time when every else is dumping there’s. This could see some of them sell at at 60% to 80% of book value.
Given this as potential strategy, no need to improve business model. And reading this forum, many seem to hope that break up/sale is what happens.
What we have been told is that the company needs to be...
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$1.14 |
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Mkt cap ! $2.947B | |||
| Open | High | Low | Value | Volume |
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| No. | Vol. | Price($) |
|---|---|---|
| 5 | 9556 | $1.13 |
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| Price($) | Vol. | No. |
|---|---|---|
| $1.14 | 116275 | 4 |
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