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0.00% 0.0¢ surfstitch group limited

why should it bounce back? any cash balance quoted IS NOT net of...

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  1. mickeebee
    1,130 Posts.
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    30/08/16
    16:31
    Post #: 18798999
    why should it bounce back?

    any cash balance quoted IS NOT net of liabs - has $37 in trade & other payables!!! ALL OF WHICH ARE CURRENT & PAYABLE!
    - NET DEBT POSITION OF $16M - how will this be financed? let alone pay the fat cats?

    holding $$$ inventory (cost of carry - can it be sold?), and tiny trade receivables ($9m) wont help...whats the monthly cash burn.....! they will need a lifeline, asset sales too slow...some predator will pounce, for nix!

    i feel for all.....hope i am wrong...GLTAH
    SRF Price at posting: 10.5¢ Sentiment: Sell Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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