trades shown not for inferiority complex but for confidence..
trades shown not to show how great i am , but how stupid you are....!!
and this yara yara as per Joker Man was posted in helpdesk
L...in my honest opinion
Only think keeping Steinhoff surviving is its African assets (Pepkor)
Talk of other good business not effected in that sens absolute bullshit...( of cos its how you read it and most reading good businesses as existing overseas businesses as well....they caould be refering to Star Africa only hehe)).. We all know this pyramid scheme started way back before Star Africa was acquired. Now with those fraud write offs , imo existing business( excluding Star) were actually loss making. If i was to invest here to acquire this business , i would place a value of R1.00 on those so called existing good businesses ( remember when Wiese co Shoprite acquired OK bazaars about 20 years ago for R1.00)
So only real value left is Star and maybe properties. Wiese imo going to go for the kill to reverse that pepkor transaction and imo he will win hands down. Then what are you left with?? Peanuts and all loss making....
No future imo....
All pyramid schemes work like this....and this one playing no different...
As much as the board can cherry pick and promise all will be ok and they will counter sue etc , they have no option but to say this , otherwise its curtains...and who wants curtains as they will be out of a job....So they will continue to say its all ok until its the END!!!
At the moment beginning of the END!!
yea Seifert will not go away, C.W waited patiently for pwc report and now has the ammo, he wont go away. I have been reading that ex Tekkie Town management starting to make some noise...who knows what will come out of that
Fact of the matter, in all that management has done so far, some praise them i call them useless liars as a result of what i experienced, those were "easy" issues to deal with, negotiating with creditors, sorting out MF in a couple of mnths assisted by the law (so exciting hey), selling other businesses, big wooh ah......the true tests starts now with the big boys, having waited for clarity and proof on how they were screwed, is now making the concerning noise....this is the real test.
I cannot tell what the outcome will be w.r.t C.W and Seifert, they sure have a case to be heard. Its payback time for them and has nothing to do with greed. Everybody was mislead and theres strong evidence to that which should make for a strong case
Like u rightly said, the pumpers are stuck and are talking about the future as if the present does not exist, and it will be the outcome of present scenario that will determine if there is any future.
I bought in again to play for that parli process and it so did not work out, i wait now for the next episode and hopefully see a up to get out
we should see it open under R1.80...haha in hindsight i should've waited...but noooooo....Mr Harvard and his followers dont get why u sell in the green haha what a bunch of cakes.....wake up and smell the coffee,.....its exacly what Mr Market is doing