MYSL -STOCKOPEDIA comments24 Jun 2019 17:04
MySale (LON:MYSL)
Formal sale process & strategic review.
Mentions the dreaded word "stakeholders" - which is often code for the equity probably being worthless.
One of the options mentioned today is de-listing, so I imagine the share price is likely to suffer badly today, although at c.7p there's not much left anyway.
I don't see any value here. Management have completely screwed things up, and a change in Australian sales tax apparently clobbered gross profit.
Given previously unrealistic outlook comments made by management, I'm not minded to believe the RNS today, saying that drastic cost cuts will make it cash generative next year.
No further coverage today, as this looks a basket case now, with management having zero credibility in my eyes.