Honestly this SVY caper is going from bad to worse. That RIU conference in Fremantle this week for SVY was in my opinion a complete waste of time and money. The company has no money and nothing to report to its shareholders but yet they go and spend between $10000 to $12000 for a presentation booth wtf??? That is what it costs as I made an enquiry.
In my opinion a capital raise is imminent and it looks like it will be at around the 2c mark. The Directors and in particular Chris Cairns should have a good look at themselves. Absolutely disgraceful!!
Can someone please tell me if the land in Victoria is actually for sale and if so at what price? If they do sell it the price will be a lot less than what they paid for it and once related loans are paid out for the land very little left over I would think but enough for them to keep paying their salaries for a bit longer.
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