The way I see it, the latest announcement was quite unnecessary, it didn't tell us anything we already didn't know, so what was the motivation of management to make the announcement? Just a sad tale of self-justification by management. And what a cheek praising their "loyal staff". They have sacked most of their loyal and competent staff months ago!
Next thing we will be told that they have found some new potential white knight, only to find a few days later that, oh dear, the terms are unacceptable. And the share price will continue to see-saw.
Who is making a profit from these announcements?
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