IMHO, since the company is gone all quiet and will not answer any questions with an honesty, this will be a fire sale by the receivers when they step in. Probably a bargain for someone willing to invest the assets in a slumping market. Look at the New Zealand government now having to back away from the partial float of Solid Energy because the market is not in a good place to do this.
Our company does not have time on it's side because all the cash is evaporating through the wreckless mismanagement of information. I say this because they have left the market with no other way of interpreting what is going on so we can and must assume the worse outcome and until proven otherwise assume that there has in fact been some degree of breach in corporate governance.
We all know that in the background management of companies beaver away frantically trying to fnd a way out of the &*## they have created knowing well in advance of the poor shareholder that the wolves are at the door and the inevitable will happen. If this was not the case with our company then we would be hearing some honesty coming through.
Watch for the negatives of blame, denial, justification and defence coming through in the future communications instead of the more positive personal responsibility that we would expect with integrity and honesty. This will tell you just how bad things are.
CCC Price at posting:
6.0¢ Sentiment: Hold Disclosure: Held
