With the Transcorp debacle still in full swing I sometimes wonder what the Management's plan is. With IPO over and reportedly 70% undersubscribed, what is plan B?
It's obvious that plan A failed and the investors who now feel let down are basically pissed off, whats going to happen next.
In my books if you are 70% below par you are in very deep waters and barely afloat, anyway lets watch this space.
11 April 2007
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