It's been 7 mths since my last post.......still same comments go round......
Financially the company is increasing or decreasing renovations expenses or increasing or decreasing advertising expenses to manipulate an end of year profit......
The end result is that they pay very little tax an pay no dividend. And there nett profit can move from $3million to a small loss....
The CEO/managing director is a liar ...based on his public declaration in a general meeting in Melbourne. .... The chairman is a liar too .in my opinion. ..I base my statement that he would buy more shares but sold 10% of his shares at around 2cents
The chairman stated on many occasions that they want to grow and expand to other countries including Australia ..will never happen....its liars to sooth shreholders till after the general meetings.....give em some hope I suppose...
The company is in a holding pattern......no growth...no big losses....steady as she goes pay the Chinese workers a wage..........no divy cause we need the cash in case the Aussie dollar increases an we have to declare a big loss...
I note that the share price is exactly the same as it was 7mths ago.....same questions...is it a fraud....is the money real..etc...etc....
The most likely end result is that the CEO...major shareholder will sell the business in China and make a lot of money one day....
Shareholders will tire an sell out cheap...
Dyor
SBB Price at posting:
1.2¢ Sentiment: Hold Disclosure: Held