We now have two finance executives running this business - what could go wrong? Clearly better than the dill who's run this into the ground, but fascinating to see what they'll do.
As I've said before, they will be working hard to find a way to access the tax losses without steering it too far away from its core business, irritating the ASX or ASIC. They have 0.25 of a quarter in funds available, so expect an announcement very soon on some cash - meanwhile, they'll need to fund the ridiculously priced debt already on the balance sheet. At least there's a sense of honesty in the quarterly disclosures.
News: BEE Broo Says Kobe Li, Currently Non-Executive Director, Has Been Appointed As Chairman, page-3
Add to My Watchlist
What is My Watchlist?