"And that is the root of the problem...no transparency in their dealings with shareholders and why they must change their policy and come clean with investors".
I think that it is a mixture of embarrassment and delusion. It’s always difficult to admit when you got things wrong which makes the Chairman’s letter kinda interesting, even brave. But even this letter was not wholly transparent and I don’t think that it did enough to restore share holders’ confidence.
MEO Price at posting:
7.4¢ Sentiment: None Disclosure: Held
