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19,194 Posts.

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31/08/16

17:48

Post #: 18833703
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Originally posted by GGecko ↑

I have been watching this since float. Got interested at 25c but never had the budget to buy in. Thank God!!

But now its a no-brainer... I put the cash backing at a conservative 10c. Buying in at 11.5c gave me all the business for 1.5c. This I call an asset play. The intellectual property, inventory, stores, etc, all for measly 1.5c.

Feels like I bought something from eBay.

There are outstanding payables but the business is ongoing so not an issue at this point.

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I netted the payables (like debt) but that's really in a wind up...as you say, still a going concern

If you look at last years payables, they are virtually the same.

SRF Price at posting: 13.0¢ Sentiment: Buy Disclosure: Held
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