Their business in Australia maybe under scrutiny, but as far as we know the US business is working without financing, and it is booming.
How do you explain that ? They probably took some shortcuts in Oz in order to grow rapidly, but I would rather put that as a strength, unless of course you believe that no australian start-up has the right to succeed in this world...
Questioning the corporate schenanigans is one thing, attacking their business model is another ; that's how old companies end up eating the dust, by lack of vision.
If they manage to come out clean on Monday, those poor fellows who sold at a huge loss on Friday will feel devastated. We're talking about millions of dollars that evaporated in a single day, and it is anything but funny.
BIG Price at posting:
$1.60 Sentiment: Hold Disclosure: Held
