Rambo i left whilst they were still trying to sort out Bootu Creek, took the initial share offer of $2.00 and followed it all the way down to 0.11 and sold at $2.98 approximately from memory. From what i have been told the asset sale was about two months ago and from what i could gather yes it had been written down but that is the name of the game now with used equipment. They like Viento/HVLV always paid over the top wages ( not that i complained ) and carried a great deal of dead wood. Lived like kings in the good times ( even the GFC ) and now it is coming back to haunt them. Hopefully they can pull themselves out of it as they were always good to me even if i thought it could have been run more efficiently.
Looks cactus, page-17
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