Re-finance / dilution23 Feb 2015 12:57
TXO company already refinanced and diluted at a 4:1 share split a year and a half or so ago.
Baldwin had enough time now to create some value in TXO, the GBG project (ship slops) is on paper a viable and potentially lucrative business so why are TXO in this shape now?
TXO performed it's very own de-ramp, it didn't need a few fed up PI to do it, the BOD have not performed consequently TXO lost another nomad.
So currently the company has no income stream, is broke, in debt and needs re-financing, who is going to take this on given it's dire record to date?