Happy holidays all! Not sure if I returned to a ha Ok guys, I had a enjoyable holiday and hope you all had a good Christmas too! Thany you for your wishes.
Lucky for me my kids are grown up so I had a peaceful time. Against my wife's wishes, I continued to research and ponder (after dark hours of course) on the one news that I had been looking at!
Unfortunately to say the least, I havent had much luck in verifying this information so cannot share it with you at the moment. For those of you who have known me from past experience, they are aware that I will not disclose anything unless I am certain of the news. So please dont PP me and ask me for this news (just yet).
On a seperate note, one of my analyst friends told me that the company is facing a going concern issue and their firm does not even consider this share as part of their portfolio as it is too risky. He informed me that the recent financial statements for the 9 months ended October 31, 2011 were very unhealthy and unless the company did something drastic, they will face extreme cash flow shortage. I had a quick look at the financials this afternoon (few hours after I landed) and would welcome the thoughts from any chartered accountant out there. Just looking at it at face value it doesnt look good!
Your thoughts welcome.
Justiceleague