SBB has been one of those most discussed stocks on daily basis, I looked once later last year, warned holders and potential holders of potential fraud in those figures, as I pointed out very obvious, if they are even 10% good as they said, they would have open some stores in shanghai and Beijing. I looked again a few weeks ago to see why people are so persistent and addicted to SBB, and found nothing has changed.
according to me, the hardest to swallow in the update is not that you think they have the money, and make money everyday, but not distributing dividend; it is this bit:
"extensive store renovation program ($A6.27 million) fully expensed during period"
I want to ask newly appointed CFO, how on earth an "EXTENSIVE" renovation could possibly be written off "FULLY"
