Its hard to believe they can keep up the charade of a listing with a straight face. Quite obvious this is in a managed wind down, even said as much in a behind the paywall article on NBR the other day. Anyone who thinks there's any value remaining in this company for shareholders would be better off believing that Santa really does come down their chimney with the presents. Whoever is bidding for ~ 300,000 shares at 5 cents must like making $15,000 donations. ANZ calling ALL the shots and hoping to minimize their losses in my opinion. If you have a really old car with a completely knackered engine you take a few hundred dollars from the scrap metal merchants rather than just letting it rust to nothing on your driveway. Same principle applies to selling penny dreadfuls.
Pity the annual stock picking competition doesn't allow us to go short on some stocks, this would be a guaranteed winner !
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