meterec

I have been taking advice and "DYOR". And I came up a bit confused.

Seems the business that is now called meretec went under in 1998, was recapitalised and went bust again 2005 and finally the investment fund that took control of it in 2005 punted it for a loss to CMA in 2008.

So, 3 different groups of investors have lost money on Meretec in under 10 years. CMA is touting Meretec as its future, but I can't help but think this business is a lemon.

What am I missing?

See the links below to the documents....

http://www.secinfo.com/dX9Eq.716.htm

http://www.blogigo.co.uk/Meyado-Meretec-MITL/Stuff-I-saw-about-Meyado-Meretec-and-MITL/1/