Fully agree. The company is in the hands of its bankers and they, together with Spotlight's interests, will be calling the tune. The current executive management has got the company into this mess and can't be trusted to get it out. Expect changes at the top, I would say. Surely ASIC will investigate the purchase of Ezibuy from Alceon: $11m of hard cash paid for a business that went into administration in less than a year. The press article above is something of a distraction. Why don't they tell us how Mothers Day trading was? How are they going with their plan to open 130 stores this year? Profit outlook for the year? Only for the brave at the moment.
MOZ Price at posting:
17.0¢ Sentiment: None Disclosure: Not Held
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