Ann: Company Update-SRF.AX, page-72

I wouldn't believe anything this company announced anymore, they have simply lost all credibility. Given the mess its in, a turnaround within 12 months back to profitability is highly dubious imo - given what they've said yesterday about the complexities of integrating the various acquisitions, etc - you dont turn that kind of problem around on a dime.

The various reports yesterday also indicate a T/O bid by Cameron is unlikely, so I'm out & chalking this up to my own fault for (a) not doing enough due diligence of the accounts, and (b) not adhering to my stoploss rule when I should have.

I hope these crooks get their just desserts, although given ASIC's track record, i guess thats unlikely - hopefully the punishment will be nobody will ever get near any business deal with these guys with a barge pole.

Cheers, Sharks.