Quote Originally Posted by percy View Post
Posted 20-12-2018.
The battle has got a lot harder.
6 months to 31st October.2019.
Revenue down 16.8% to $95,050,000
Loss $2,161,000.
Hi Percy. Probably a stupid question but i'll try anyway.

As of 1st July 2019 SCY had a tangible asset backing of .77 per share, and is currently trading for .25 per share. The top 3 shareholders own a controlling stake in the company, so what is stopping them buying up another 25% if the sp continues downhill (or talking to minor shareholders) and liquidating the company for an approximate 300% return (which they have no chance of getting if they continue to hold)?