Misleading and deceptive conduct of AFR, page-54

The Tony Boyd piece does misstate cash receipts as revenue, but the difference (85k vs 58k) doesn't detract greatly from his point that it's low relative to the market cap of the company. It's not certain if the mistake was intentional.

As for the short seller collusion allegation,I think what probably happened was a few fund managers went to chat with some of GSW's clients and found out that reaction was mixed, and may even have found out that GSW didn't announce contract losses to the market. That would be a clear short selling opportunity. Naturally, after you'd short it you may want to alert the press to whatever alleged impropriety you found.

In any case, people should be careful not to blow the article out of proportions. If GSW has as good a product as it claims, then one or two news story alleging inconsistent treatment of sales announcements won't stop the sales from coming through. If you're an investor in GSW and believe in the product, whatever the share price does from month to month ought not to have any impact on the business' ultimate intrinsic value. Good luck to all.