I have no idea why so many non holders are so concerned where the revenue is sourced from. The regulators did not care, the board wisely said they know nothing. The taxation department dont ask questions where the revenue comes from as long as they get their cut. The way I see it EM1 is a fantastic little money spinner. Like the taxation department it would be extremely silly to ask questions where the revenue comes from as long as I receive a very nice commission for doing very close to nothing,and asking no questions and let the money roll in. Possibly its just a front to clean dirty money. If so the regulators did not care, the taxation department did not care, the board openly admits they know nothing. The only people who seem to care are the the people who got burnt and lost their tuck shop money. I wonder if the shareholders of cash converters are to concerned where there revenue is sourced from. A portion of there revenue could be questionable also. Im not sure to many crown casino shareholders questions where there revenue comes from. As long as EM1 pay the power bill at the laundromat and keep those washing machines full keep cleaning the money.
EM1 Price at posting:
3.3¢ Sentiment: None Disclosure: Not Held
