Shock as SH3 reveals big budget deficit: Standard and Poors reduce credit rating to ZZZZZZZZZZZZZZZZZZZZZZZZZZZZZ

The shock figures showing SH3 posting a massive 12K+ Baht loss last year

SH3's auditors waited until after markets in Asia had closed to announce that Songkhla Hash had run at a deficit during 2010 with its net worth slashed by a whopping 23.14%. Initial analysis of the full figures suggests that the loss posted is due to a massive increase in expenditure on food, now running at 3 times the Hash's beer bill.

Hash Cash was unavailable to comment on allegations that the soaring food bill has resulted in some expanding waistlines and an increase in short-cutting due to many of the hounds piling on the kilos over the course of the last year, but one irate Hasher commented "This is what happens when you let women get their hands on the dosh!"

Our City Correspondent comments: This is yet another sign that SH3 is going to the dogs who seem to have enjoyed the chicken bonanza financed by ordinary Hash shareholders. This is not so much a case of fat cats but of fat dogs getting their noses in the trough!

Full Moon Hash: the accountant tells it like it is

The annual ritual of balancing the books has occurred and... miraculously Hatyai Full Moon H3 is in the black and carries a healthy balance into 2011. Click on the image twice to make it big enough to read.

The rather more laborious task of auditing granny is now under way and the results will appear here when the figures have been cook... err agreed.