I'm siding with Lawless here. Unfortunately. Stem - Those pages...

I'm siding with Lawless here. Unfortunately.

Stem - Those pages you link straight up do not refer to IAM and drawing any direct link or inference to IAM from those paragraphs is incredibly disingenuous. Wealth management is just a small part of the back-end and mid-office overhaul CBA is doing at the moment. Obviously, I'm a big believer in IAM; I just don't agree with cherry picking single lines of incredibly broad statements from CBA's release and crying wolf.

Also to all the capital raise fanatics. This cash flow is from 30 June. We're now almost a month and a half into further trading.

If there was an immediate need for cash do you not think they would be releasing an IM or pushing a business update by now? Maybe they feel confident about the ~$1.1m they have as general cash and maybe they feel confident about the future revenue streams and working capital requirements.

xoxo gossip girl