whats eating city pacific..., page-6

cybachic,

"Jeez with twice as much debt to assets I thought it already had"

That is a blatant lie. If you bothered to read the financial statements that Citypac produce and not just some made up figure in your head, you would know that the documents show that they have net assets of $243,385,587 and net liabilities of $252,444,455. This leaves a net liability of $9,058,868 or a LVR of 104%, hardly double.

"Go to announcements and read the accounts - then decide."
A bit rich coming from someone who clearly doesn't read the financial statement announcements.

To all reading cybachic's comments please note she is deliberately rubbishing Citypac because she actively supports the alternative RE Balmaintrilogy (which she doesn't disclose on this forum which really shows her character). So please take anything she says about Citypac or to do with the FMF with a grain of salt, because she clearly has ulterior motives.

PS good luck to you and the steering group Nicole, clearly the fact you need to come on here and rubbish Citypac shows how confident you guys are at replacing them as the RE. I'll see you on the 25th! (I'll be in the crowd down the front laughing at your silly little 'steering' group).