It beggars belief how many people on here cannot read an RNS properly or understand and interpret a set of accounts. Not only that but Ben Turney on the Prophets of Doom website (one of TW's puppets) doesn't understand the figures either. In his latest scaremongering blog, he crudely miscalculates the value to SER ($1.375m * 5 = $6.875m), which is completely wrong as he has not allowed for a minority interest discount on our 20%, which can be classed as an associate holding. Furthermore he says that the $3m going to SER will largely be the company's own money which is nonsense as it won't be our company anymore! I could go on but I'm struggling to contain myself from laughing.
The article is lazy journalism at best but then that's what you get with these type of bloggers. The sad fact is that most PI's just don't understand the financials, as witnessed by the scaremongers on this bb yesterday.
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