Bong in big trouble

[moondoggie]

bONG-MART are dumping their own stock at $1.02 - The banks won't touch them and have said NO MORE DEBT. >><<

Hence the fire sale to shareholders with Gordon Merchant having to roll back his dividend for the year into Bongmart, to keep them and his dream afloat as he watches THE RATS JUMP OFF THE SHIP. Why? They think its sinking.

This situation reminds me of a Garuda flight into Bali, I was on in the late eighties, when the Garuda Jumbo could not get the landing gear down. As we prepared for an emergency crash landing , the petrified Garuda Pilot stuttered and screamed into the Pa system "Whatever you do, Don't Panic!!! DON'T PANIC "...

"The company launched a six-for-seven entitlement offer at a price of $1.02 per share, a DISCOUNT of 44 PER CENT to Wednesday's closing price. The stock last traded at $1.83." SMH

There will be a round of raids on retailers coming soon but Stinky B-ongmart should be safe towards the back of the queue maybe not so Hardly Normal with a large and heavily discounted property portfolio to liquidate.

[steve shearer]

does that mean cheap boardies flooding the market?

[Lucky Al]

does it mean cheap former surf shop premises? because we realsurfers have a fair few awesome business ideas we could maybe get started somewhere like that.

[crabmeat thompson]

does it mean cheap former surf shop premises? because we realsurfers have a fair few awesome business ideas we could maybe get started somewhere like that.

I'll need a big space for my ladyboy rental shop.

Thank you billabong.

[saucy gibbon]

bONG-MART are dumping their own stock at $1.02 - The banks won't touch them and have said NO MORE DEBT. >><<

Hence the fire sale to shareholders with Gordon Merchant having to roll back his dividend for the year into Bongmart, to keep them and his dream afloat as he watches THE RATS JUMP OFF THE SHIP. Why? They think its sinking.

This situation reminds me of a Garuda flight into Bali, I was on in the late eighties, when the Garuda Jumbo could not get the landing gear down. As we prepared for an emergency crash landing , the petrified Garuda Pilot stuttered and screamed into the Pa system "Whatever you do, Don't Panic!!! DON'T PANIC "...

"The company launched a six-for-seven entitlement offer at a price of $1.02 per share, a DISCOUNT of 44 PER CENT to Wednesday's closing price. The stock last traded at $1.83." SMH

There will be a round of raids on retailers coming soon but Stinky B-ongmart should be safe towards the back of the queue maybe not so Hardly Normal with a large and heavily discounted property portfolio to liquidate.

Do you mean mobs like TPG ?

[Hollowed out]

does that mean cheap boardies flooding the market?

not just boardies, they are in deep shit unless they get some cash in the till and they have run those 50% off everything sales before at their Kirra megastore to boost cash on eve of 30 june, so why wouldn't they do it again now.
Shit i personally would not buy a thing from any surf shop right now and sit and wait for the end of month garage sale which will have to extend beyond just the Kirra store to have any real impact. also with them closing so many stores there will by fire sales on everything from hardware to bling otherwise they ill be massively overstoked and won't have enough cash heading into summer.
Their reps (those that are left) must be shitting bricks because even Inman herself admits sales are dead and no one is spending in their stores. Looks like the weekday line ups will become more crowded daily with poor bastards who will loose their jobs because of greedy VC's and bankers who run the industry these days

[Trev]

not just boardies, they are in deep shit unless they get some cash in the till and they have run those 50% off everything sales before at their Kirra megastore to boost cash on eve of 30 june, so why wouldn't they do it again now.

Peter Turner must be laughing his arse off.

[Beanpole]

Wow I actually bought a pair of jeans from Qsilver since they were 50% off. Plus they must have the sizes wrong cause these are one size smaller than normal and fit great.

[daryl]

Wow I actually bought a pair of jeans from Qsilver since they were 50% off. Plus they must have the sizes wrong cause these are one size smaller than normal and fit great.

K
Old marketing ploy for over 30's. When you find you still fit size 32 and 30 or 28 waist, you buy from habit.

[Beanpole]

I was in a shop and some of the jeans said Euro 32 US 34.
I found this confusing since Euros are metric and Yanks are fat c*nts.
Obviously Country Road calls it on the big side but I've got three identical pairs of Levis
that are supposed to be the same size but vary pretty wildly.

[Hollowed out]

FCUUUKKK..Bong share price crashed 50% in an hour of trading to $0.95 and falling..so now even the buyers of the cheap shares at 41.04 are getting flogged.
Parko, etc must be freakin out

[Hollowed out]

^^ that was $1.04 not 41.04..ALL THUMBS

[alakaboo]

it's taken 24 pages, but you've finally posted something interesting.

[Hollowed out]

Aw thanks ala, I am trying to please and that kind of encouragement is sooo appreciated

[Natho]

Not everyone invested in Bong is losing out Hollowed.Bong has become a popular stock to short and there are those cleaning up by shorting it. Sorry to interrupt your doom and gloom rant.

[dUg]

FCUUUKKK..Bong share price crashed 50% in an hour of trading to $0.95 and falling..so now even the buyers of the cheap shares at 41.04 are getting flogged.
Parko, etc must be freakin out

Hollowed, just an observation but you seem to harbour a slightly disproportianate quota of schadenfreude at bong's supernova-turned-dwarf star. Any interests you'd care to disclose?

I mean I'd like to see them eat sh1t too, but mainly because they refused to give us an account in 2005, attempted to control the game via Surfstitch, and their local reps have all been c0cksm0kers.

Apart from that I bear no grudges.

[daryl]

Not everyone invested in Bong is losing out Hollowed.Bong has become a popular stock to short and there are those cleaning up by shorting it. Sorry to interrupt your doom and gloom rant.

What does that mean to the unwashed, is it for someone who wants to write off some cash?

[Hollowed out]

Natho, dug, who says I want to see them fold? I am just an posting what some of us on here see as pretty heady days for the industry and future of lots of things related (Chopes for 1). And how many times...no agenda!!
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