ATA 1.85% 79.5¢ atturra limited

why buy here??? the last mammoth consolidation 50:1 destroyed a...

  1. 7,518 Posts.
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    why buy here??? the last mammoth consolidation 50:1 destroyed a lot of LT investors wealth so IMO the company has "lost" them for future CR's. and obvious such a mammoth consolidation was required in order to get issued shares at such a low amount to enable the future reissue of the previously "consolidated" shares - and a lot need to be reissued IMO in the next 12 months as the business model (cough cough) has dramatically changed from 12-18 months ago and IMO will be more costly to run - and revenues are not LT contractual arrangements from what I understand so what are you investing into?. cost issues appear to have had cashflow consequence in the past and I can't see anything being announced that would rectify that situation going forward - all IMO so DYR and read previous ANN's regarding production etc ad compare to actual results!.
    good luck Porthos - I can't lose much more here and not worth selling what I have been left with after the massive consolidation!
 
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