sell now - going down

  1. 4,654 Posts.
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    SWT Full Year accounts printed today.

    Auditors have gone on record saying there is "Inherent uncertainty regarding going concern" of the business (see Note 1a of the financial statements).

    This assessment is made even in light of the funds raised subsequent to the balance date.

    If you want to save some cash....sell now. If you believe the company can make a "go" of their expansion into Brisbane, Sydney etc, then sell now and buy stock back at lower prices.

    Regardless of spin of recent announcements...this doesn't look good.

    Buyer beware

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