No images? Click here Smiles Inclusive Limited (SIL)Smiles Inclusive has announced that various legal actions associated with the mobile dental part of its business has been resolved. This is a positive and the mobile business is being re-established. We will have to await longer term results. However, other legal matters are still outstanding. The Chairman and CEO’s address to shareholders at the Annual General Meeting are available on the ASX website – Smiles Inclusive (SIL). Current management has obviously had to work very hard to keep this company going and to keep the National Australia Bank content to defer any action against the company which remains possible for as long as it remains in breach of its banking covenants. We note that on the information provided to date, the NAB has only given a limited period of grace. Incorrect Information on the ASX Website Smiles Inclusive needs to update the information on its stock market pages, as for example, they show that Michael Timoney is the CEO. Corporate Spin The latest article by Graham Middleton printed in Australasian Dental Practice Magazine is now available on Synstrat’s website under Dental Practice Articles. Scroll down past newsletters and read “Don’t Believe Corporate Spin – Lot’s of Privately Owned Practices are Thriving”. Best wishes to all dentists, GRAHAM MIDDLETON The Synstrat Group are Australia's most experienced Dental practice business advisers, accountants, practice valuers and licensed financial advisers. The information contained herein is of a general nature and no specific action should be taken without individual advice. Synstrat Management Pty Ltd P. 03 9843 7777 ABN 57 006 295 325 If you are not the intended recipient of this communication please delete and destroy all copies of this message and telephone Synstrat on +61 3 9843 7777 immediately. If you are the intended recipient of this communication you should not copy, disclose or distribute this communication without the authority of Synstrat. Any views expressed in this communication are those of the individual sender, except wh ere the sender specifically states them to be the views of Synstrat. If you do not wish to receive this email in future, please reply to the sender requesting termination of service. |