Financial difficulties, CEO threw in the towel, GoK is broke and not in the mood of reviving companies, shareholders havre had so much capital erosion that convincing them to pump more of their money in through a rights issue is difficult.....the only positive it has is that it's an economic lifeline for Western Kenya, so can be used as a political tool. The current regime will want it to remain afloat. Opposition will capitalise on it if it's not. Value investors- stay away. Speculators- jump in and prepare to have sleepless nights with the hope of supernormal returns, and the risk of further capital erosion.
