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Bettt255

191 Posts.

23/01/18

12:38

Post #: 30497080
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Originally posted by Christos12 ↑

In the AFR article, The CEO of GSW is quoted as not knowing whether Fantastic Furniture was still a customer. It is extremely difficult to value a company when nobody, not even the CEO, knows whether the company's announced customers are actual customers.

Hacks are not destroying the share price. The management are with their detail-less announcements and reluctance to release bad news (even though, according to the quotes, the CEO doesn't even see as bad news).
If all is well, why does it take 2 days to correct the record?
We will soon find out but this sort of scandal is terrible for a company which is, basically, pre-revenue.
Any failure will affect the company for months. You might just get the chance to buy some shares much cheaper than the current price.

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Why the managing director of a booming tech company doesnt know about a tiny domestic client? You'd hope not, he would have far bigger fish to fry.

Also on FF, I wonder why they decided not to spend more money on new tech... could it be: http://www.smh.com.au/business/retail/fantastic-furniture-owner-hires-advisers-20171228-h0axkt.html

GSW Price at posting: $2.92 Sentiment: Hold Disclosure: Held
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To the Donut Eaters, page-8

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