> If the Australian market is like the U.S. (and I think it's fairly similar), then all the financial information used in this post would have been available to

> If the Australian market is like the U.S. (and I think it's fairly similar), then all the financial information used in this post would have been available to investors prior to their investment in the float. This is what the authors of the article wrote in the comments of their article: > We were talking about this yesterday. The problem is that they only have to provide you with a balance sheet at one point in time. We knew it was fishy at the time of the float but there was no way of working all of this out until you can see a time series (and, importantly, they had to give you the old balance sheet as part of the business combinations note). The $170m of inventory in the prospectus was roughly two months sales, about the same as JBH. Looks low but you wouldn’t think only half of what is usually required.