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Tuesday, October 17, 2017 2:26:16 PM
"Sometimes you have to look at things at a different angle to see what you have.
AWS value, postive"
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Totally wrong assessment!!!
Just as a reminder...
ICLD got rid of its worst assets (AWS) in an attempt to bolster its sagging pps and bottom line! Obviously that was not enough!!
If we go back to April 25th (the day it was announced that mvtg bought AWS) we see that mvtg pps was .013¢!!
Since taking on the failing AWS, the pps of mvtg has dropped to .0037!!
There can only be three viable explanations!
1. AWS was/is a lousy company that is a drag on whoever owns it! ... or
2. ICLD was/is a bad bet with or without AWS! ...or
3. Mvtg was/is a bad bet with or without AWS!
IMHO, I think it is all three!
There is no possible way anyone could make this scenario up ...
LOL ... except Kristof, Ponder and Hayter with an assist from Munro
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