Decided to visit EHH factory and office last week. Sad to say that the factory and office were closed. Not a person or car to be found. Was able to peer into the office area, only to see an abandoned office with no obvious work going on for a long time. Have since found out that the South Dandenong plant is non-operational as Chinese engineers have been (supposedly) unable to come from China to make the necessary repairs to the production machinery. How disappointing that a once in a life-time opportunity with face masks etc has been missed.
My big concern is why was there no report of this situation to the shareholders. Management continues to promise a bright future, but delivers nothing.
Capital Loss write off??? I don't think it is possible for this year as the company appears to continue to trade in China. Let us pray for a miracle reversal of fortunes!!
HappyWoeful end to the financial year to all!!
EHH Price at posting:
14.0¢ Sentiment: None Disclosure: Held