http://www.stuff.co.nz/business/indu...+18+April+2017
Not realizing the current severity of the cash flow crisis ?, you be the judge. One things for sure, if they do manage to get a further capital raise done it won't be close to the current price. Whether there's a relief rally after that notwithstanding an issue at what could be significantly less than the current SP, who can say...
No matter what you think of Mr Mcrae's stated back to basics approach any company losing money at the rate they are needs to be classified at highly speculative and extreme risk in my opinion. Be careful folks its very easy for a CEO and controlling shareholder to have myopic vision and not being able to see the wood for the trees in terms of the commercial cash flow reality of the situation (in my experience as an accountant for over 30 years), is more common than many might imagine... It must be cheap because its now only trading at one fifth of the share price it once was right ? Not necessarily !
Originally Posted by Roger
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