out of the blue indeed. I was told by Kev as recent as last month, when quizzed about the prospect of a capital raising, that "not a chance, unless there was a serious deterioration in the business"...
Well, well, looks like business ain't so rosy after all, despite the recent update. You'd think with an expected NPAT of ~$40million they'd be generating enough cash to cover the stated expenses... but alas, I suspect something might be awry about the way they keep their books.
Anyway, they've now lost my confidence and trust.
CSV Price at posting:
$1.28 Sentiment: Sell Disclosure: Held
