RE:RE:RE:RE:RE:RE:RE:RE:RE:Back by Popular Demand
If the management had any business experience at all we would not be in this position. They had enough money to build many of the towers and start generating revenue and Gael and Francis failed. They let down shareholders, filled their pockets with money, and in my opinion they are headed for another default on the new debentures if they drawdown too much. The next PP will be hard to fill up unless they give them what they want. At this point the 49% equity raise seems exactly what they want. Jim and Francis have set targets they have not been close to hitting, and they have misled shareholders and put the company in risk of another bankruptcy. How long will Orange and MTN put up with them? Why would the BCSC be looking into their finances and the insiders? They have royally ****ed hundreds of people out of millions of dollars, thats why.