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Exactly! Feels like they kinda stiffed us on the CR! This isn't...

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DungeonDragon

51 Posts.

23/03/17

20:45

Post #: 23585964
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Originally posted by Charlie73 ↑

If you stick to facts, then it is hard to argue against the opinion that management should be removed.
Only 30 days ago management advised the market that they would be debt funding the deferred vendor payments. Now a capital raising? Businesses don't change performance that quickly. It would suggest the business is not run well and they have no idea what the next month is going to bring, let alone the FY number in 3 months. FY numbers can't be trusted.

If I was an insto I'd be demanding full disclosure of cash flow, Capex and balance sheet forecast, not just an EBITDA range. A well run business can easily produce this detail.

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Exactly! Feels like they kinda stiffed us on the CR!
This isn't adding up and feels like the bl**dy blind leading the blind!

EPD Price at posting: 47.0¢ Sentiment: Hold Disclosure: Held
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