I got a response back from management - to my enquiry about why they dont respect shareholders enough to keep them informed:
We'll update the market soon.
Thats it. No acknowledgement that they are derelict in their duties as managers, and havent provided a market update in more than 6 months. Or that they have cooked our capital in one large failed undiversified investment (probably related party transaction).
If I could sell - I would - but guess what - no other idiot whats a part of this disgraceful company either.
Look at the buy side management - the market is screaming loud and clear - you are not wanted. Give our money back!!!!
MEF Price at posting:
43.0¢ Sentiment: Sell Disclosure: Held
