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