GT and HNC recently forked up USD 34 mill cash and seem happy to get it back in equity. So THEY must think that CMR will survive and THEY are insiders and should know.
But they aint telling us anything to give confidence for us to move in and start buying up what appears to be the current volume offloading (Cornell's 8 mill new maybe? ...... sure feels like it).
So many times what has been said is changed in the next breath ... so what stability or credibility for us to base upon?
Beats me why the Chairman hasnt yet given us a statement of status, clarity and forward guidance ..... well overdue.
####### So the simple question and only one relevant now ....... what measures are in place to ensure the survival of the company thru the prevailing unfriendly world and in what structure is it likely to end up as part of this assurance? #######
Is there a PLAN or are they flying by the seat of their pants? Is there an open cheque book of supportive funding available from HNC / GT if needed further?
Yet to see details of HNC / GT C-notes disclosed ... tho guess we will see such in pending notice of egm whenever since we have to ratify.
Meanwhile hate the uncertainty like the rest of you.
Take away the uncertainty and we can bounce with a vengeance from these levels.
IMBOOC
GT and HNC recently forked up USD 34 mill cash and seem happy to...
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