Absolutely incredible we don't even get an update on an entire...

Absolutely incredible we don't even get an update on an entire quarter of trading and even a loose guidance of at least profit before abnormals.

No mention of the initial payout, update of current loan books, nothing at all.

Not a single piece of information!

Really ticks me off when they treat the owners of the company with such disdain, operationally they are doing a bloody fantastic job, now though the market is going to assume the lack of guidance means it's all doom and gloom.

That letter screamed "we are guilty as hell and will have to pay out in full", it also read like they were getting ready to end SACC altogether, "look at how good all our other areas are".

In summary what I glean (and likely the market by the reaction) is:

CCV are about to settle the final CA for the full claimed amount and then jettison SACC for good.

PS: Anyone get anything different from the meeting?

PPS: back to hold sentiment, another 1-2 years of pain and a very bad investment