Is it game over for Midas Holdings?
There were warning signs since 2017 after sell-offs caused shares to slump to all-time lows. Now, investors can only hope for clarity.
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THE script is all too familiar. A company makes grandiose promises to expand its business. Large sums are spent on new facilities. Unfortunately, the investments don't seem to lead to better cash flows or profitability. Debt grows.
One fine day, shares are suddenly halted, then suspended. Irregularities have been found. Analysts cease coverage.
Is it game over now for investors in Midas Holdings?
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