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Ann: Scheme of arrangement - update, page-11

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roofy

681 Posts.

103

17/11/20

13:50

Post #: 48931310
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Originally posted by canemcalcitro: ↑

I'm a huge GSW skeptic and even I'm annoyed with ASIC. I think GSW should have been allowed to completely screw the pooch by themselves; ASIC is ruining a perfectly good object lesson.

Soon the final consequences of GSW spending money like a drunken sailor - and, for reasons best known to themselves, acquiring a bunch of other businesses that collectively are also losing money hand over fist - will become apparent. However, many will fail to grasp the lesson, instead deciding somehow all these genius-grade moves would have worked if only it hadn't been for SOCIALISM or some such nonsense.

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well said. ASIC is in a difficult position, something absolutely had to be done. Turns out this probably wasn’t the right course of action.

GSW Price at posting: 30.5¢ Sentiment: None Disclosure: Not Held
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0 Great analysis

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