Fish the dreamer............
posted on
Aug 13, 2008 07:17AM
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"Heard melodies are sweet,
but those UNHEARD are sweeter."
I'll send you a case of beer if you're right Fish (although I guess you'll be able to afford to buy your own brewery). But, in my view, there is absolutely zero EVIDENCE that current management of MEO has the competence to build a company.
The latest news report provides us with NO FURTHER HARD DATA of the type provided by competent managers to the public. Such data allows shareholders to make intelligent guesstimates about the company's potential.
I applaud the efforts of Calgarian1 and others who have made an effort to project the company's value but they all admit their calculations are drawn from titbits they've had to glean between the lines of MEO's uninformative NRs.
The core of the latest news release is a promise of more than 15% further dilution of ownership (yours and mine, no matter how many shares you own). And I'm supposed to say "thank you Mr Brown" with a big smile of gratitude for finally communicating with us ? ? ?