baz77, I am done anyway, not that I would stop posting to express my views simply because it is uncomfortable reading.
baz77, this is my last post on the MBN thread.
I reiterate, consider (not saying anyone should) getting out before they shut the escape hatch (suspension !)
This company has no hope of a turnaround. It's an awful investment (given it struggles just to break even) even for a company with no net debt.
For a company saddled with a huge amount of debt and the propsect of a mother of all capital raising (dilution), it's a no brainer. And this is the best scenario.
The likely outcome IMO is it can't do a CR in this environment and I leave the rest to your imagination.
MBN Price at posting:
32.0¢ Sentiment: Sell Disclosure: Not Held
