Has anybody seen Eureka Report this morning . Alan Kohler is out saying there are better places for his money. He is comparing it to Forge which went broke. Reinforces my view that management has to be replaced and that there is a case for banning institutions for lending stock to shorters who have mercilessly attacked the stock.
Management have to do something drastic why not get one of the big four to produce a report on their financial viability or getting their lenders to confirm that they are happy to continue to support the company.
From memory shorting was banned in Australia until relatively recently but of course we had to follow the US. Result: in our smaller market the effect can be dire .
They are not worth selling now at 60c.
Bill Dooley
SGH Price at posting:
69.0¢ Sentiment: Hold Disclosure: Held
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