Yeah I agree. I did quite a bit of research into previous results / announcements and management made out most of the previous negative cash flows were due to one off restructuring costs etc. No reason why they shouldn't have swung to positive cash flows this half if the last half was apparently breakeven when "normalised".. my assumption is the last results were also fudged to make things look better than they actually were but now ASIC is back onto the investigation AG has released he can't do the dodgy anymore and has to show all..
This still could end up being a great turnaround story but until I can see progress and any good reason to invest in this company I'm out.
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