Rajen
It’s not the first or last time analysts are completely wrong . Have a look at conpanies that have gone into admin - whether small ,mid or large caps , their registers will be dominated by institutional holders . Look at the BIG debacle or GSW , More recently QIN or back a few years ago TIM or HWE or ION or BNB or CTP . You can’t rely on them completely as they can be conmpletely wrong. Equity story is more a momentum trader site than FA site. I think the issue here was somewhere along the line , the company must have mislead the market as on disclosed facts , it’s shoudnt have gone into admin on the cash flow and EBITDA projections provided to market months before
STL Price at posting:
1.9¢ Sentiment: None Disclosure: Not Held