Inside the bizarre plot to bring down home builder Simonds
Being publicly listed probably saved Simonds from potential ruin, after a social media post subjected the company to a savage and bizarre smear campaign.
For many microcap stocks, meeting the obligations of being listed on the ASX can often seem more painful than helpful. But for the $77 million home builder Simonds, being publicly listed probably saved the company from potential ruin.
In recent weeks, Simonds has been subject to a savage and bizarre smear campaign that variously claimed the company was sacking staff and about to collapse.
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James Thomson is senior Chanticleer columnist based in Melbourne. He was the Companies editor and editor of BRW Magazine. Connect with James on Twitter. Email James at j.thomson@afr.com
