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clock Created with Sketch. 06/03/18
22:25
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Originally posted by Big Short
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You can argue that all the shareholders are stupid and should have known better, but I think Maurice Blackburn sums it up pretty well on their website."The information, including revelations of an exploitative and unsustainable franchise model, saw the company’s share price go from well over $4 to under $1.30 when the company came out of the trading halt it entered on February 28, 2018. More than $550 million has been wiped from the company’s market capitalisation. Publicly available information suggests that RFG adopted an exploitative business model as early as June 2015 yet it failed inform the market of its true state of affairs. This is information the market should have been made aware of in order to fairly price the stock." an exploitative and unsustainable franchise model" which was unknown to the market.
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You should read about state of the SGH "supposed" CA lead by these big firms.......
