MRI 0.00% 0.9¢ my rewards international limited

Ann: My Rewards offsets $725k of loans from iGoDirect, page-2

  1. 125 Posts.
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    Wow, they never disapoint! Selling off the farm one fat pig at a time. For 725k the 20 clients would have to be the top 20 or in the top 50 or they wouldnt be worth that amount so not sure how it doesnt impact on the company revenue etc. However a couple of things, they took another$120k loan in December and failed to to notify the market / shareholders and they now have 14 days to find another $420k or a few more fat pigs.

    In the intrests of transperity for the shareholder and market can gauge the impact of these actions they need to disclose the clients they sold and the actuall loss of revenue involved plus the cost savings etc. A slight of hand one line comment intimating it will have no negative effect is inadequate.
 
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