News: SWF Selfwealth Posts FY Loss Attributable $5.3 Mln, page-3

This business model of flat trade fees in the AU market is fraught with danger as with uncapped large trades and clients gaming the situation - the mandatory regulatory and exchange fees mean the broker would lose money.

I am sure SW can explain their numbers but the footnote from their asx report below is very concerning and is a preliminary warning of what they expect to see in their auditors report IMO.

“The audit process is currently taking place and it is likely that the independent audit report will include a paragraph regarding a material uncertainty in relation to going concern.”

This stock must be very tightly held as these sorts of results and a smoke signal like the above would cause most stocks to be pumbled.