There's risk all over this market sector:...

There's risk all over this market sector:
http://www.theaustralian.com.au/bus...s/news-story/22a719d87283a3f05c2a1c44ccd4da83
http://www.smh.com.au/business/bank...tlight-after-asic-review-20160506-goo666.html

When NZ introduced ethics, standards and regulations and this industry was severely impacted:
http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=10838834

Add to that the fact the company has comprehensively failed to transition to profitability on their original timeline; not through external/uncontrolled factors but through their own business decisions. Those business decisions have been enormously profitable for Macquarie and Bouris through consultancy and execution fees that have come straight out of Yellow Brick Road's "positive" cash flow.

Add to that the fact that Bouris clearly has other priorities:
http://markbouris.com.au/about/

For my part I would not even consider buying this stock at any price until the ASIC review is resolved and we learn how the industry is impacted.

I have also come to the conclusion that Macquarie and Bouris are milking this business dry. I believe that if you ever see a dividend out of this it will be a pittance.