"Imo the company is not in any immediate trouble unless it cant get an exemption on its loan covenants. However, this value destruction is putting the company at serious risk of a cheap takeover - and this crap management team is crap for allowing the company to be put into that situation."
Exactly the same or similar to what was going on at BCC before it fell to under 1c.
At mercy of financial backers, and SP said it all, until it was "revealed", most thought same as here, all hunky dory.
RFE Price at posting:
8.2¢ Sentiment: Hold Disclosure: Not Held
