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29.0¢ getswift limited

100 bagger ?, page-559

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makattack

34,916 Posts.

480

25/06/18

09:27

Post #: 33919476
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Originally posted by Sterlo81828386 ↑

Hello @Dragonlord

The only thing I can say is that at last report they had approximately $90m in cash. Most of which was from Fidelity. That is a lot of cash. The risk to this is successful legal proceedings against GSW that could see this cash being returned Fidelity or other parties.

At last report they were making more money from investing the cash than from their own operations. I have no idea if their software will be a success although one thing i can say it will not live up to the BS announcements that they were spruiking.

Basically the directors / management could "fiddle around" with their software for a decade having long lunches in Pitt cafes and drawing huge wages ,,, slowing syphining all the cash to themselves

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The risk to this is successful legal proceedings against GSW that could see this cash being returned Fidelity or other parties.

I can't see how. Unless an order is presented preventing GSW from spending the money. The legal process will take possibly a year or more. Is Fidelity suing?

GSW Price at posting: 34.0¢ Sentiment: None Disclosure: Not Held
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