There are definetly some shady dealings going on with this company
They continually make losses on their loan portfolio, and everything else they touch, and I have never seen worse disclosure from a company.
The CEO who is also the major shareholder takes home a nice little salary each year, and depsite the amount of cash they have they have never to my knowledge paid a dividend.
You would think that ASIC / ASX would surely be looking at the going's on in this company as even to the average man in the street something is not right here.
Agree however re the value in the cash holdings alone, staggering to think that you could buy 1.50 of cash for 70c
CLS Price at posting:
70.5¢ Sentiment: None Disclosure: Not Held