Torex Contract losses24 Mar 2006 09:35
In Oct 2005 Torex traded on the hopes of gaining more contracts and in doing so employed a large no of staff. this has lured many investors into buying moore share when no contracts had actually been signed the share price in this case would seem to have been misled and now in march those contracts which were suposed to be in the bag have not come to futition. Torex Retail are now starting to make redundanacies within the lucas area of the business which confirms that all is not well. I have my therioes on what is happening 1, is using a failed project as a tax write off (end of year in a few weeks) 2, management manipulation of share prices for self gain.. Let me know what yours are....