SBB 0.00% 1.2¢ sunbridge group limited

Wasnt a spec. They were making decent money, had decent savings,...

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  1. 1,347 Posts.
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    Wasnt a spec. They were making decent money, had decent savings, and had promised a dividend. Company said they wont pay a dividend in order to fund growth with acquisition. Never happened. Spent a fortune on store renovations, even for non company owned stores! Then some of these stores closed down soon after. Now profits disappearing in thin air. I lost a lot of money in this stock. Not because it was a bad company on paper, but because everything that was on that paper was a lie. The CEO and management of this company should be investigated and prosecuted IMO.
 
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Currently unlisted public company.

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