An unsubstantiated claim? Well it was just confirmed this morning as an announcement that EBITDA will be down another $2m and Erling Sorensen resigned. Absolute chaos!!
"...following the findings of significant operational errors and questionable operating decisions during the previous harvest period, the Board has considered it prudent to undertake a comprehensive external investigation into the practices that led to the inventory write downs."
Let's see if new management can keep this ship from sinking.
MRG Price at posting:
45.0¢ Sentiment: Sell Disclosure: Not Held
