STA 0.00% 9.5¢ strandline resources limited

Ann: Request for Extension of Voluntary Suspension, page-18

  1. 60 Posts.
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    Word on the street is staffing is being aggressively cut back, both white and blue collars.
    Prudent cost-cutting or laying the foundation for an administration, the jury is still out. Nevertheless, not a good look for shareholders or potential investors. I'll be joining the herd and dumping my shareholding as soon as trading resumes, chalk up a capital loss and put the money towards a more deserving company. $Millions squandered by the company, and after just one year, all we have to show for it is a wet plant that is not running consistently (DMU breakdowns). When the CFO resigned/got forced out 3 weeks ago, it kinda implied a financial cock-up has occurred. What other cock-ups are there that we don't know about?!
 
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