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kinggee

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24/02/15

21:26

Post #: 14811893
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Originally posted by Jimmy_C ↑

You've been eagerly awaiting the collapse of this business for years - good case study as to why listening to disgruntled ex-employees talk about their former employer is of limited value.

You could've simply checked the company's 31 Dec 2014 accounts (note 7) to realise that you're incorrect in saying that the $2m receivables balance is all Medicare.

Your biggest lie is to state that the CDBS wholly replaced the funding gap left by the removal of the CDDS. In the 10 months through October 2014, the CDBS cost the government $234m (refer link below), whereas at its peak the CDDS was costing about $1bn annually. I'm no mathematician, but my back-of-the-envelope math suggests that the new scheme has replaced only about 25-30% of the funding gap left by the removal of the CDDS (actual dollars, not budget numbers).

http://www.smh.com.au/national/only...ffering-free-dental-care-20141220-1290at.html

What basis do you have that Holmes will sell shares in the near future? None, i suspect, but last i checked a CEO who's openly optimistic about the next decade doesn't sound like someone about to sell. Holmes owned ~14m shares when the company IPO'd about a decade ago, and still owns 14m shares now in spite of the stock having risen ~600% since listing, so i can't be sure but it doesn't appear to me like he's desperate to exit.

Please post some facts next time you feel inclined to ramble away.

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I would like to complain about this post.
The post has made unsubstantiated personal attacks. Has accused me of lying and blatantly misquoted me in his reply. I suspect given the personal nature of his attack he may have closer than disclosed links to this company

ONT Price at posting: $6.60 Sentiment: Sell Disclosure: Not Held
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I would like to complain about this post. The post has made...

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