Allco founder David Coe and directors Gordon Fell and David Turnbull announced yesterday that they are standing down, but not leaving the company just yet, and the share price dropped 25% to an all time low of 60 cents.
Financial engineers
Babcock and Brown spin as they sell, sell, sell
Hats off to the Babcock and Brown spinners for being able to paint a sale-of-assets-to-reduce-debt as a sale-of-assets-to-show-our-valuations-aren’t-dodgy
