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13/08/14
16:24
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Originally posted by supermajor
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Think there are lots of toothless bulldogs here. Looking at the substantial holders list you only have to hold a million shares. I had more than that yesterday morning. If you believe this is going to double or triple or more why aren't you guys holding more. I think most die hard holders talking this up are trading them as much as the manipulators while others listen buy and hold hoping for the best. There are unanswered questions here imo. Everything may be ok. Regardless of the Company when you are both the supplier and the seller of goods, you can be both the debtor and the creditor. Would like to know exactly what is the definition of "cash" and also why I see no mention of inventory. Has this no value, or is it included under another entry. Any accountants out there. The majority of stores are probably better defined as stalls. How else can you get 35 new ones for 3 million dollars. Looking forward to reading the audited accounts on this Company to dispel all doubt.
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"How else can you get 35 new ones for 3 million dollars".
$85,000 per store is plausible if they're just leasing space in a shopping mall. $85,000 would cover a good shop fit-out.
Can't imagine the cost of business rent would be anywhere as high as Australia.