Sol's not the only one with huge losses on paper and a headache to boot .... look at the top three holders:
Premier Investments 27/09/2017 88,450,664 10.77%
Investors Mutual Ltd 27/09/2017 80,897,018 9.85%
Dimensional Entities 27/09/2017 57,539,611 7.01%
Almost 28% of the company is held with these 3 groups .... the CEO's of all 3 must be under a bit of pressure as well .... none of them have sold .... or bought (that we are aware of to date)
As for Due Diligence @colinchi - they all could revisit their processes in that regard me thinks... all 3 are in well over the $1 mark so all under water big time ! .... Add to that - no dividends / franking credits to put in the kitty either this year ..... Ouch !
Will IML's CEO still support Myer / Garry after HY ?
Interesting times ahead folks !!
Sol's not the only one with huge losses on paper and a headache...
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