Yes - easily my worst stock of the year. There is just not...

Yes - easily my worst stock of the year.

There is just not enough information to know what is going on.

I sold out because:

- lack of communication from the company to the asx
- investor relations at FFC don't respond to shareholders
- they make mistakes in their announcements to the market (refer recent update to Appendix 4C)
- it is possible they will run out of cash soon based on the latest cash flow report. Although it is possible they may also make a profit - who knows? The company provides no forecasts or outlook statements.
- their parent company (IQN) is running out of cash and can't find investors - http://hotcopper.com.au/threads/ann...g-date.2743533/?post_id=17448876#.Vz1fCU9f2JY

On the plus side, FFC seem to be generating real cash receipts from customers and it is growing. However for me the above added up to too much risk. I really didn't want to be in it if they run out of cash, as I can't imagine they will get a lot of support for a capital raising (just look how their parent company is going with that).

I'm also going to stay well away from this.... http://hotcopper.com.au/threads/ann...idiary.2769741/?post_id=17755445#.Vz1ghU9f2JY. Can't see management approach being any different to FFC.

All IMO. DYOR.