Is taking them so long to sort things out. Their accountants using a broken abacus?
Major investor disposed of a large chunk of shares on 17th April.
What it does do is make a mockery of the 'brokers' ability to review and project. Liberium and Panmure… both a waste of space…. said the chap who spent 25 years in the business.
29 Apr '15
Reason to invest
Until the company issues something good or bad about the accounts-the longer it takes,the worse it will be,no reason to gamble on the outcome.It can only be bad but you simply don't know how much! Unbackable and arrogant with it too.
29 Apr '15
The longer they delay the accounts the better in a way. I suspect they will be hoping that they can mitigate the bad news in the accounts by some post accounting period news showing that at least revenues are now beginning to pick up. Let's put it this way, unless they can deliver some good news soon in terms of actual receipts, the sp will continue to slide into the abyss. I still hold out some hope, however, that this may yet turn the corner. Pretty shocking tale of woe on their financial housekeeping though and although I had been thinking about topping up to average down, prior to the latest bombshell, there is no way I am doing that unless and until I see some positive news on actual cash flow.
29 Apr '15
Nearly 3 weeks since they got the abacus out-and as noted,not a lot to count. You would think an easily solved puzzle
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