Something strange in those accounts - $14.7m expenditure, $11.9m income & $8m decline in Cash & Equivalents?♂️ They made $5.4m from customers & $6.4m from the tanking AUD for the quarter. That LDA agreement looks strange - at any time Swifty can require LDA to purchase $70m AUD shares - similar amount to what they're on the hook for isn't it? Very suspicious that FIL who would’ve been the main claimant in the CA bought back in shortly before 250% SP gains and the LDA agreement? Was that a back room deal to get FIL out of the CA???? Another court ordered mediation set for 21 May, followed by ASIC court case starting on 9 June. AIMHO-GLTAH!
GSW Price at posting:
63.5¢ Sentiment: None Disclosure: Not Held
