half yearly report and market update, page-2

SRA is a bet for me...

Its one of the 'brands' that I have felt for a long time can be turnaround...going back all the way to when Poole came on the board and was buying up shares...

This merger, administration, debt wipe and come back never just happens...its carefully planned and executed.
As if creditors when faced with an ultimatum like take 50mil shares, wipe the debt OR we will shutdown..would not accept this offer...

So it always made we wonder why Poole was buying up for now real reason.
Obviously this was a plan in the making, a long term plan.

Now I have to just continue to hold my shares, and trust the new guys have the intelligence to start running legitimate and real businesses under the brands...looking at the 2008 results you can see the divisions/companys have renamed STRATHFIELD ****, where **** is different names like SECURITY, COMMUNICATIONS etc etc...

Its kind of obvious there is a plan to enter multiple industry and given the history of businesses owned by the current majority they will be commission/incentive areas where they sell product, and service getting an upfront commission and trailing commissioning.

...lets hope its done right..

I remind people though historically even though SRA was at $2, $1 etc there was only about 300-400mil shares...its now closer to about 3bil.