re: a gamble DeznevaCan you let me know the name of your...

re: a gamble Dezneva

Can you let me know the name of your accountant so to ensure I never use him and get caught by the ATO for rigging the books. It’s sounds like you and the AWB use the same accountant.

Probably not the best at mathematics – but how do you loose more then 100%.

Correct me if I’m wrong.

You start with $10,000 @ 2.30.
As you state you end up with $1,300 @ 0.30

% loss = (10,000 – 1,300) / 10,000 x 100 = 87%

I suggest you get a new accountant

The risk reward equation should read:

WIN.....$6 plus. from $2.30......160% profit
LOSE....30 cents. from $2.30......87% loss

In lieu of


“WIN.....$6 plus. from $2.30......160% profit
LOSE....30 cents. from $2.30......660% loss


Hmmmmmm, big stakes, $10,000 becomes $1,300 if they loose. Worth thinking about. And you wont be able to get off!!!!”

aussie joe