Reading the announcement I get the feeling that it will resume its downward slide in the morning.
Just a few points to consider from the announcement
1.Relative underperformance of a proportion of the company’s recent debt purchases
2.An excessive focus on short-term revenue performance has compromised the company’s ability to derive anticipated revenues from purchases made in previous years
3.Large scale recruitment as part of the company’s growth focus has resulted in lower average productivity.
4.Reduction in volume of new ledger acquisitions
5.The company has incurred substantial costs in building a corporate platform consistent with its historical growth objectives.
From the above they seem to be looking at restarting the company from scratch and in the current environment it ain't looking good.
CCP Price at posting:
0.0¢ Sentiment: Sell Disclosure: Not Held
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