One other question I have is the issue of the potential shareholder class action.
Does anybody have any update on this?
Is it still likely to precede? - will Surfstitch make provisioning for this in this year’s accounts?
While any potential action may take some time to resolve I’m worried that this may have a future impact on the business and it’s cash reserves – Billabong announced recently it’s paying $45m to settle its class action.
SRF Price at posting:
21.5¢ Sentiment: Hold Disclosure: Not Held