SRF 0.00% 0.0¢ surfstitch group limited

Ann: Company Update-SRF.AX, page-141

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,130 Posts.
    lightbulb Created with Sketch. 51
    why should it bounce back?

    any cash balance quoted IS NOT net of liabs - has $37 in trade & other payables!!! ALL OF WHICH ARE CURRENT & PAYABLE!
    - NET DEBT POSITION OF $16M - how will this be financed? let alone pay the fat cats?

    holding $$$ inventory (cost of carry - can it be sold?), and tiny trade receivables ($9m) wont help...whats the monthly cash burn.....! they will need a lifeline, asset sales too slow...some predator will pounce, for nix!

    i feel for all.....hope i am wrong...GLTAH
 
watchlist Created with Sketch. Add SRF (ASX) to my watchlist

Currently unlisted public company.

arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.