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Ann: Company update with Managing Director, page-90

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Kikker1959

10,731 Posts.

4414

30/03/15

08:34

Post #: 15002126
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No C

Originally posted by Bones708 ↑

Well... Its a Sunday evening. I have a few spare minutes so I will deal with this and put this to bed.

Firstly lets examine the statements that you have made during your time posting on the SBB forum

•SBB is very likely to conduct a capital raising soon because it will run out of cash
Now this one is particularly funny because SBB had an excellent cash balance 12 months ago when you made this statement. BUT still after so much debt repayments and expansion expenses still has gosh $29 million. No doubt you still believe a capital raising will be necessary soon.
•SBB is loosing money
•China is on the brink of recession/in a recession
•Claims SBB is a franchise model similar to Dominos. Later claims SBB is not a franchised model.
•Does not know the definition of profit
•Does not know what a cashflow statement is and what it means
•After continuously claiming profitability is on a downward spiral claims the business is a high growth business.
•Brags about loosing millions of dollars in the stock market. (Something you might want to keep to yourself buddy if your seeking credibility)

Continually claims that SBB is making less and less money each and every year for the past 4 years. Now although the 2014 earnings did slide down I find it reprehensible that he can somehow claim they have been going down for 4 years considering there was a massive increase every year for 4 years and it was only 2014 that saw a slide in earnings and after this slide in earnings the profits are still considerably higher than 4 years ago. How can you claim profits are going down each year for 4 years?

So after a long analysis of the flip flopping, complete delusion and inability to understand basic concepts such as what profit and a recession is we can all see that your credibility is below zero and I post this as a warning for impressionable readers who might due to inexperience fall for your lies and misrepresentations.

Now lets examine your latest statement.

So you seem to be quite fascinated with date that the CEO's shares come out of escrow. You believe that people should wait until November to see what the CEO's intentions are. Will he dump his shares on market or will he hold them?

Now after reading all your posts about China being in a recession and SBB loosing money and basically everything being crap. Why would you care what the CEO does? If these conditions you describe actually existed SBB would pretty much be screwed. The CEO would not have to sell a single share and SBB would still be utterly screwed. Not only that but with China in recession almost every stock in the world would take a massive beating. Iron ore miners even more screwed then they are now. Anything tourism related, Qantas Flight Centre, all screwed. Consumer confidence plummeting, all retailers screwed. I could go on and on. If China was indeed in a recession or about to go into one like you ridiculously claim, SBB would be the last of everyone worries as China being in recession would indicate the entire world economy is extremely sick and many countries would be worse of than in the heights of the GFC.

Now on the other side. The CEO does not sell a single share in November. Does that mean we can now buy in? How do we know he will not dump in 3 months after November? What if he merely sells 3% to reduce from 54% ownership to 51% ownership. What if he reduces to 40% ownership (wouldn't that be positive as you continuously yammer on about his high % ownership)

Now I could go on and on about how your premise to wait until November is absurd however I think that I have said enough.

Expand

No Chinese business will man will ever sell his business, its losing face if you do. What all you so called experts fail to understand is the Chinese brain and values. Learn this and you know SBB future.

SBB Price at posting: 5.0¢ Sentiment: None Disclosure: Not Held
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