Originally Posted by
Beagle
I know you two have a soft spot for unwanted mutts but be careful with this one. Very hard to get rid of a really bad mange infestation. Even harder when management can't be trusted to apply the necessary remedies.
I think there's a real chance if they lose at the Supreme Court this could go under $4. If that happens then its likely they will need a massive rights issue to get their excessive leverage down to a sensible level and fund a replacement facility somewhere else in the Waikato. Remember, Pokeno was 100% debt funded and you can be assured their financiers will be really "impressed" if its rendered effectively worthless !