I agree wholeheartedly...
Can they release this dog from its suspension or liquidate the company so that i can get it off my position statement?
Daylight robbery... I'm just hoping they sort something out before the end of the fin year so i can use this capital loss...
But on a more fundamental note, how was it that they were able to spin lies for so long? Surely they had some regulatory obligation to make known that everyone was going to sh*t.
Someone with some legal knowledge answer this? Are you allowed to present an input cost (so as to inflate potential profitabliity) at an unrealistically low level? Given that you know full well that soy oil is not going to be available at that price?
I bare some of the responsibility for the loss. Look at the pictures of swan hill. Its a piece of dirt in the middle of no man's land. No utilities or roads or even power poles around. I should have double checked their soy oil price assumptions.
Or then again, i shouldn't have had to double check asx release info. They should be forced into releasing only HONEST assessments, rather than the last year in which they release a series of patently false spruiking style statements.
And all the while bluecreast sold....
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