There's some really poor, really infantile posting on this thread. Not all, balmersdog, roamer and stelep7 have put forward some worthwhile ideas.
This company has in recent years been one of the worst managed on the ASX. They have proven products and high profile customers but the people running it have been totally incompetent. And they're shadowy (you can't contact them).
But they're not going broke soon. They've just had a significant capital injection from the rights issue and now a last chance to get it right. Lets hope the company's intention to appoint a CEO in the near future brings in the right talent. Surely the existing (GPG) and new large investors (Utilico, Stocks Convertible Trust, Ingot) will play a directive role in this.
Could also be some interesting corporate moves with Utilico, Stocks Convertible and Ingot also owning 22% of ERG between them.
IHG has risen from the ashes before. In the late 1990's they were above $1 before drifting to 60c or so, then a suspension and recapitalisation, then relisting with an initial price of 19c and then a rise to nearly $1.50 over the next few years - before the debacle/ mismanagement of the last couple of years.
Lets hope the new CEO is capable of building the team for the job and getting the success that will see the same share price recovery that occurred a few years ago.
PS The infantile personal attacks on this thread are about as intelligent as has been the management of this company. Some of you guys really need to grow up.
IHG
intellect holdings limited
