Absolutely correct, Panamax....MEO management's "plan" makes no sense.

Perhaps they are not craven thieves. It's part of their duty to communicate clearly to stakeholders. They consistently fail to do so and thus create confusion and dissention among those of us who would prefer to support them if we only understood their goals and how they plan to achieve them.

Such consistent failure to communicate is either deliberate deception or gross incompetence. Take your pick, until they are brought to accountability it's impossible to tell.

Regretably, the financial result of either circumstance remains the same for long term holders. If they had the balls to admit their failure and clearly define an alternate strategy, I might support them again. As long as they continue to obfuscate, I will actively warn all future potential investors to

BEWARE MEO

BEWARE MEO

BEWARE MEO ! ! !