On the very day we get the EBITDA dropping warning we also get the Chairman's address to the AGM where he proudly proclaims EBITDA positive momentum this FY - which one of these directly contrasting statements should I believe?
Finally, the debt remains crippling - we've got $55M "senior" debt, $33M "subordinate" debt, an overdraft of $10M and vendor liabilities to be paid this FY of $12.4M - thank God that'll be the end of the vendor liabilities, looks like the overdraft will have to be used to pay them out as we're making less than that pa!
Going to be a long, long time before this mob are worth anything, wonder what rich bonus rewards the Board will be awarding those hardworking staff this year.
RUB Price at posting:
2.5¢ Sentiment: Hold Disclosure: Held
