$8.51 now and heading south at a fast rate of knots. Noe more than $2 per share lower than when the seriousness of issues at Pokeno first came to light.
Just a reminder folks to keep in mind that this is a company with a huge load of debt as all their recent and planned expansion has been facilitated through bank debt...which is okay if everything goes to plan...but leaves the company very vulnerable if it doesn't. Keep that in mind before you get temped to dip your toes in the water and get an "apparent bargain"
Two key reasons why I will not invest at any price.
1. Management have proved they can not be trusted to disclose material information to shareholders in a timely manner. Multiple breeches of good faith and concealment.
2. Management have proved they are arrogant and proceeded with the development despite the risk of appeal. To my mind this amounts to "Gross Recklessness"
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