Originally Posted by
nztx
From my analysis of SCY's actions over the past month, it appears to me that the Board have NOT tried very hard
and been more interested in divesting the whole business than protecting it and keeping things together in the listed company
Appointing Receivers so that the Sale can be shunted through pangs of a Board running from their responsibilities
If companies like KMD & SKT can easily do Cap Raises - then why did SCY's Board not do similar ?
Was not doing so in fact reckless behaviour on part of the Board of SCY contrary to their statements of
trying to preserve the business ? It further doesn't say much for a Board that obviously has now demonstated
that it had little interest in navigating a short period of choppy waters to the other side under their direction.
They had time to do a Cap Raise and the small number of issued shares would have facilitated a Cap Raise to more than
adequately provide sufficient boards to cover the Covid-19 gaping holes appearing in the floor.
What were they thinking in seeking to sell the crystal jewels at any price & wipe out all shareholder value ?