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Would you consider BMG to be one of the better text book shells...

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lankyman

1,679 Posts.

05/02/17

02:03

Post #: 22377770
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Originally posted by minoil ↑

with shells, and just my own view.....keep an eye on those directors who take their fees as scrip, to keep running costs down, can be a smoke signal.........also, low admin costs are a sign they arent all hanging around the coffee maker, soaking up funds, but, watch for any sudden jump that isnt explained by things such as listing fees etc.....can be a sign they are travelling to look at propositions, or doing due diligence................none of this is tried and tested, but careful screening of costs and expenses can give minor clues that they arent flopped back in the leather chair, smoking cigars.
case in point would be one i'm watching...KTE....runs on fumes, admin expenses are booked up by the main director...........then, its either, clean the kitty when cash comes in, or, wait for something good to come along..........
another case...RLC.....director Geof Fethers forgave his fees to help keep the company going, and will not get the rest thats owing until a substantial CR, signaling a big move forward

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Would you consider BMG to be one of the better text book shells you have seen lately?
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