RE: New direction31 Oct 2019 07:07
You're not wrong, but the key difference is that this company doesn't have any assets. Every investment it has entered in to (NY Wheel, Dallas Wheel, Star Sanctum, the Jakarta project which never happened) has failed. It's now rapidly running out of road - a tiny, ever-dwindling cash pile and a share price in the toilet.
If there's some miracle RTO to be had, then it needs to happen soon. Naturally the CEO hasn't bothered to update investors on what he's actually doing, so he might just as easily be trying to buy a burger van for all we know.