The Gold Coast Bulletin

SURFSTITCH BATTLES RISING COST TIDE

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● SurfStitch will explore selling media and other assets as it deals with costs associated with two class actions and an ASIC investigat­ion

● Media assets include websites magicseawe­ed.com and stabmag.com

● SurfStitch continues to seek settlement of the legal proceeding­s but has not been successful

● A meeting will be held next week – called for by shareholde­r Crown Financial – to vote on the removal of SurfStitch chairman Sam Weiss from the board

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