All these dates and values for the sale of KL- they are absolute stabs in the dark. A few weeks ago there was someone saying the news of the sale would come "over the weekend", then the other day someone else was offering up "in the next month". Now its by Christmas. But Christmas of what year? Fact is, no formal news from BOD. Seem to remember similar posts on the IRV board about sales which never materialised
RE: Former Staff selling Uniforms & Assets on E Bay24 Sep 2019 18:52
"As a shareholder it's your company, and if you thought it was so badly run, why on earth buy shares?"
Because such people treat the purchase of a share as being the same as placing a bet in the bookies.
The average PI never holds the board to account, doesn't bother to vote at the agm. The average mug punter PI sees the board's only responsibility as being to increase the SP, so that it can be sold at a profit.
The mug punter takes no activist responsibility for owning the security. And guess what, the average board doesn't care about the mug punter, they haven't invested in the company. Other than RI's and such like, the money doesn't go to the company. It goes to the brokers (bookies).
When you buy a share, you are not buying a part of the company, you are not lending money, you are buying voting rights. Yet the average mug doesn't bother to use these voting rights.
Isn't it funny, the topped ramped shares..... are also the most shorted....
I commented on MTRO a while ago when it was about 500, said i expected it to go down, got screamed at by Heshopeless (and others)- funny, cos he comes on accusing people of only commenting on tanking shares- whilst only commenting on tanking shares himself.
Take your point, you are saying "winter risks" is a euphemism for "Brexit problems". I'll accept that this is as you state. However, with the cash burn as it was, this outcome was inevitable. The 200m security may have seen them through winter.
I can accept that Brexit may have been a tipping point, but really not the cause.