was looking at this company and its prospectus... i have doubts...

was looking at this company and its prospectus... i have doubts and would definitely stay away.

why would they lease two properties (in belmont and nsw) to a lessee without any bank guarantee, security deposit or guarantor from the lessee. Most of the commercial leases would normally provide a guarantee for the protection of the landlord.  

The way i see is Mustera bought the properties from the same owner whom lease back from Mustera at no deposit, security or guarantor whatsoever. After further investigation, turn out the owner was a relative of mr benjamin young, founder of Mustera and that same owner received a court order last year recently to have their company wound up for insolvency.

also another thing that concern me is one of the other directors was also involve in another listed company, Siburan resources ltd and that company stock is going nowhere atm.

I would stay definitely stay away as far as possible, however please do your own study....

http://apps.courts.qld.gov.au/esear...Location=BRISB&Court=SUPRE&Filenumber=5957/11

http://www.rsmi.com.au/CMSPages/GetFile.aspx?guid=a9432597-eea6-47e6-b152-2dd5138f150f