GREY:NMKEF - Post by User
Post by
felker04on Nov 07, 2019 12:45pm
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Post# 30322213
Going from bad to worst
Going from bad to worstWe have to be honest. Nothing is coming out good for the company and the shareholders.
The financing is a complete failure, and the best they can come up with, is still really bad for investors.
It looks like we are going to loose everything and maybe some investors will buy the crumbs for almost nothing.
The Minister Fitzgibbon is kind of sleeping on this one I think, a lot of talking, but it looks like he is waiting for the Pallinghusrts group to take it all for almost nothing.
The financing part has been a complete failure almost since the beginning. The timing and pricing was bad, and their cost evaluation was worst.
It is a self infllicted wound.
It seems like they will go bankrupt in the next coming year and the Government will stand blindly.