Turn around point?, page-18

Well well well, a rescue deal comes in and all of sudden a whole bunch of newbies and hot air thinking pigs can fly.

Do people really think if Anyware is such a great growing biz that they would come as a white knight to help SHP?

Does anyone know what revenue Anyware did in FY15 and before to see if the biz is actually going backwards? Garrison spent his whole care on computers and would you think all of sudden he thinks homeward and rugs are next big thing? Take a look at TPW.

This is a repeat of YHD deal - the ex owners knew they couldn't grow and biz was going backwards, amateur SHP came along with a bunch of cold hard cash and they took it nicely. Not too luck for Warren with his script deal later on and now still holding earn outs at 1.5c a piece trying to get some money back.

Anyware holders now want a cheap instant way to exit without paying all the costs to get listed, if trade sale generated any interest. Garrison may have offered 0.3c asking why one would pay above market. SHP management desperately need some cash to stay afloat and could be asking north of 1c to try get closer to the averages of the own holdings. They ended up meeting each other half way.

+2m ebitda from any ware plus -1m from SHP equals 1m. Don't see how the combined biz is worth $18m at today's share price. Do a share consolidation later on to mask the decline once it resumes. Heard all the economies of scale talk before. That one got Crean out of a job last month.

Not doubting Garrison's ability to run and stay in business but this looks like déjà vu so hope no one gets caught out this time.