Post by
lscfa on Dec 17, 2023 11:28am
Out of sight, out of mind
The line item "investment in joint venture" disappeared from the q1, q2, q3 fins in 2023 due to a zero value currently. I would have left it on the balance sheet. Eventually it grows more and more positive as SPX becomes profitable and retain earnings grow.
Comment by
ark88 on Dec 17, 2023 12:06pm
Why did Mika do that? Makes no sense unless the investment has no value going forward. Denselight SPX, what are the costs with these errors in strategy and who's been paying for these? Not management that's for sure. It's taken 7 years for some to finally admit the problem here lies with management.