Ann: Appendix 4E and Financial Statements, page-13

Monday will be interesting.

It will be sold off on account of the (-$67m) loss (includes write downs), the negative (-16.58c) a share EPS, the substantial deficiency in working capital (minus approx -$12m), the $31m in current payables, and lack of any forward projections,
OR
It will move higher based on vipSHOP being a saviour with their 12% investment.

Any bets?

What was interesting on Friday, was the timing and release of the 2 announcements. The strategic investment from vipSHOP announcement was at 9am in the morning, and the share price went up all day, but then the Financial Statements weren't released until 7pm Friday evening well after close. There is something about financials being released after close on a Friday night.

I wonder if some of those who bought during the day on the vipSHOP announcement, now wish they had waited to see the financials before jumping in. How will they react on Monday?

In all fairness, the financials should have been released first, it would have been the decent thing to do.

Gw