GREY:WNXXF - Post by User
Post by
hotgingeron Nov 21, 2012 5:59pm
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Post# 20629529
saving jobs leaves nothing for Shareholdrs
saving jobs leaves nothing for Shareholdrs It seems that Michael Singer and gang have done a great job of saving all the Warnex jobs, unfortunately, nothing or very little will be left for the shareholders!
They burnt thru a lot of cash in last quarter (making the company LOOK like it's worth something for the sale) and they did! But the 6 mil from the sale will go toward debt during this period. They kept staff even though they were not doing anything! Too bad for us, lucky for the Warnex staff.
HG