ION 21.4% 1.1¢ iondrive limited

trading halt alert, page-17

  1. mja
    1,347 Posts.
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    I would rather be short than long. The way the vehicle industry is heading, they may have lost a supply contract or something to this effect. Thats where I'd put my money. 20% chance "positive", even if sell component of business for profit is only a one off book profit, and you have really only bought time, and effectively downgraded the quality of remaining assets. With the obvious cashflow problems, in which short term liabilities exceed assets. Loss of contract could spell problems ++, financiers may even start to get panicked, and Aussie-Boy may be able to retire.
 
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