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PerthfxAnn on 28/11 was pure spin. A balance sheet is not...

  1. 1,195 Posts.
    Perthfx

    Ann on 28/11 was pure spin. A balance sheet is not "strengthened " when you chuck more debt at it.

    The fact that since this debacle started they did not publish a pro forma balance sheet and only sprouted meaningless EBITDA numbers is another dead giveaway.

    Final wash-up will be very interesting reading. would not surprise me if these guys lost more money in the last year than the group ever made in its entire history as a listed entity.

 
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