Frustrating, page-2

Hi SBG, I hear your frustration and rest assured that you and I aren't the only ones feeling this way.

All we can do at the end of the day is to expose some facts underneath the surface and dirty deals from the past which others may have overlooked.

Now that we're well and truly in the new financial year, do we foresee more sell-down to 1.5c in the next 12 months from the old boys club? You bet.

Look at the company announcement on 17 Feb 2014 when it stated that YHD would be EBITDA positive at around $1.2m. Since then, has anyone seen any figures that show that YHD has been doing better than the previous year in terms of top-line and bottom-line? Nop. Same for Warcom, Wowbaby, eStore etc. etc. So where is the REAL organic growth that the company's been talking about?

Well there's always the easy way out of blaming another quarter loss to cost base being inflated from the most recent acquisition. Let's say these clowns sit around waiting for another acquisition in 12 months' time (seems to be the run rate of late), then say another 2 quarters after that they come out and say "well we've tried and just couldn't get this thing to make a dime, and by the way because we've burnt all the cash so let's do a cap raise at 1c (30% discount from VWAP)".

How would you feel about that?

Won't be surprised when there's a good old pump-and-dump on some obscure announcement once all the genuine investors have moved on loosing their hard-earned dough (could be another couple of years from now), and innocent newbies getting cleaned up in the process.