Not sure why this announcement is not coming up however I note that Mr Treasure has stepped down. This is great progress IMHO. At a market cap of $1.5M this thing is now a shell and they would be best to shut down the cash burn and divest the assets so that they can find a RTO opportunity with the $1M they have plus any cash (if any) they can generate. The trouble with this board has been that they have just run this thing down without creating any value in the hope that they would be able to raise good money from dumb punters (of which there are none). MFC and its tired old management and board has ripped up $25M cash so they have lost the privelege to continue. The big mistake was leaving the past MD in place for so long. If Barnes Hill is so good, then MFC should realise the cash it can get now with a trade sale or shares in Proto that they can trade out of. Lucky Break is a folly - there is no value in it.
Only new projects and new people can salvage any value for share holders from this point.
Add to My Watchlist
What is My Watchlist?