Tuesday, March 21, 2017 7:38:39 AM
There isn't much to go on lately, they're not making a lot of noise. I keep seeing articles pop up about Emirates Insolaire's "new" opaque panels, and how they're going to be all over sky scrapers in the middle east, but no material updates from the CEO. They're still behind on their SEC filings, and the last time I heard from Hanbali he said that he'd issue a shareholder update once filings were caught up. That update is now 6 months overdue.
The cynic in me fears the Swiss entity (the US listed entity) might declare bankruptcy, and it's IP be swept up by Emirates Insolaire for a song. Clearly this would wipe out shareholders. Hope I'm wrong and that Hanbali is true to his word.
I guess nobody ever made a great investment by betting on the ethical integrity of a CEO.
The cynic in me fears the Swiss entity (the US listed entity) might declare bankruptcy, and it's IP be swept up by Emirates Insolaire for a song. Clearly this would wipe out shareholders. Hope I'm wrong and that Hanbali is true to his word.
I guess nobody ever made a great investment by betting on the ethical integrity of a CEO.
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