Irgovel should be profitable, but it hasn't and I doubt it will be this qtr either. How long can they afford to wait ?
yup, as an investor I want to be informed and I want them to portray a successful, growing business.
You still can't easily buy rbo most places in the country.
usd/brl will likely drive this into the grd in a couple of weeks. The signs are there, selling off warrants, stock drifting down, no pr in over a qtr.........
The reform of the laws and regulations for opening and running a business in Brazil has not adapted at the rate with which the economy has grown, presenting many hurdles to overseas corporations.
Brazil ranked 126th out of 183 countries in the World Bank’s latest annual global report which evaluates the ease of starting a business, dealing with construction permits, registering property, and paying taxes. On average, it takes 13 procedures and 119 days of work to start a business in Brazil, and construction permits demand an average 17 procedures and 469 days to finally get authorised.
Brazil has become somewhat notorious for the levels of corruption among its politicians and senior business people. However, a recent report by The Economist suggests that the country is finally ready to clean up its act, estimating that in 2013 more corruption will result in appropriate custodial sentencing, thus prompting a petering out effect.
Local labour force
Unions have a lot of influence in Brazil, and although their achievements have led to a more developed labour market, businesses should be aware of how they operate. It is easy to fall prey to Brazil’s labour laws, which are set out in 900 articles and are difficult to navigate. Non-compliance can lead to fines and a soured reputation.
Short had the fewest votes of any board member,
here we are 2 months later, same share price , no pr, no nothing, still stuck with the same board and ceo.......not good
Our fearless leader took over the sinking ship in 2009. Since emerging from Bankruptcy with a stock price of .40, we have now lost 95.83% of stock holders value, based upon todays 3.34 price and a pre reverse split price of .017. Being able to keep ones shares after emerging from bankruptcy was hardly a blessing. 6 years later I think we have a pretty good indication of what this management team can do. Nothing for shareholders.
Time for a change!