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Ann: Appendix 4E and Annual Financial Report-SRF.AX, page-36

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sholtz

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31/08/16

12:19

Post #: 18821202
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Originally posted by friendlydwarves ↑

Reposting post above with wording change because HC mods don't understand that 'read' can be past tense.

God-DAMN. I just read (A FEW MINUTES AGO) this doc in a bit more detail. Ever seen a worse train wreck? I don't recall one. Like for like revenues static but matching opex is through the roof. Can't make acquisitions work at all. Horrible financial engineering attempt with the $20m, which was not only BS to begin with, and then fell apart, it's now got them on the receiving end of $10m+ in lawsuits. Simply astonishing cash outflow. Margins falling badly because their stuff is always on sale. COGS higher than revenue. Class action mooted. Just...no. NO.

London to a brick trade data for today shows the online brokers as heavy net buyers. That's the dumb money, my friends.

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it's now got them on the receiving end of $10m+ in lawsuits.

Hi, have you a link to this lawsuit action please.

Thanks.

SRF Price at posting: 13.0¢ Sentiment: None Disclosure: Not Held
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