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0.00% $1.90 stargroup limited

Hmmm...read the latest quarterly report...Cash in for 9 months...

  1. Ivanovich
    3,475 Posts.
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    06/05/10
    21:24
    Post #: 6666349
    Hmmm...read the latest quarterly report...

    Cash in for 9 months $8.6M

    Net investing cash flows -$2.8M

    Lovely glowing feeling re the good report about it's activities to make you feel better but ICP is tearing up cash. When a company burns cash they need to do capital raisings. ICP will continue to do capital raisings and dilute shareholders investments. Whenever the SP increases management sees it as an opportunity do do another capital raising. Management needs to deliver bottom line postive cash flows and produce meaningful profits.

    STL Price at posting: 44.0¢ Sentiment: None Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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