Were you as a holder provided confirmation that they sold Raging Thunder recently or is it another one like GBR helicopters where they claim it is below the reporting threshold? For all intensive purposes, RT was one of their best assets. Now Foaming Fury have the absolute monopoly.
Also, are they reporting that some of the key staff have recently been terminated?
The shop front itself is looking so run down. The business, apart from some passenger movements to the islands is virtually closed since March.
I’d be very surprised if their revenue is exceeding administration costs at the moment (staff, building, berth fees etc).
Im keeping a close eye on this one because they still have some valuable assets but I have a feeling shareholders are not being told the whole story and the company may be struggling more than they let on.
Someone is propping up the share price though. Very interested to see how this plays out.
Thanks for the feedback.
EXP Price at posting:
24.5¢ Sentiment: None Disclosure: Not Held
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