Melbourne law firm Gadens has urged aggrieved major shareholders in SurfStitch to provide details about private briefings with the board and senior management as it investigates whether to launch a $500 million class action claim.
Gadens partner and chief counsel Glenn McGowan QC wants to know what SurfStitch chairman Howard McDonald told shareholders in a series of private briefings the week before the company warned that earnings could fall 61 per cent.
While some shareholders complained … More
SurfStitch, an online market for surfers, action sports enthusiasts, and people who just want to look the part, is wiping out BIG time. The e-commerce company that was once “ripping it” on the stock market, has become a cautionary tale, by losing over $500 million in value, since November of last year.
When Australian surfer Lex Pedersen and investment banker Justin Cameron launched SurfStitch in 2008, they hoped to become … More
How can a freediver hold his breath for 22 minutes? Can surfers adopt the same technique? Here’s a quick guide to boosting your breathing power.
It’s all in your lungs. Breathing exercises to increase lung capacity are not a myth, but you’ll hold your breath longer without a clock stressing your brain. Therefore, dry training is the best to start improving your breath hold.
Although you might not believe it, you can rapidly … More
A two-mile stretch of Orange County shoreline remains closed after several large sharks were spotted.
A sheriff’s helicopter crew saw the sharks off Sunset Beach in the city of Huntington Beach on Sunday afternoon. The sharks were estimated to be at least 8 feet long and 150 yards from shore.
The Huntington Beach Fire Department says Sunset Beach and the adjoining Surfside Beach in Seal Beach will remain closed until … More