AFT 0.00% 0.1¢ afg 2023-1 trust in respect of series 2023-1

my view

  1. 3,089 Posts.
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    1) AFT needs to start putting forward actual dollar revenue projections and profit targets. Not just words about so called deals and partnerships. Outside required accounting reports and quarterlies, this company has made only 1 decent announcement in about 4 years - I might be wrong on the exact time frame there but it is very poor regardless.
    2) AFT needs to change its image / name / brand. It has so much baggage left over from the Microgenix mess and even further back to the Voicenet days, that it just continues to lack integrity in investors eyes.
    3) Get rid of the crappy AFT website - it is so antiquated it is not funny. It creates no interest whatsoever and provides no Vision
    4) I'd be looking to fully merge with ABS - by that I mean look into taking on the ABS name and get rid of the AFT name completely as mentioned - ABS website is far better than AFT's so use it and market from that instead and then build on it.
    5) AFT are just too slow moving and fail to create excitement in the market place. Perception is everything - they do nothing to create investor interest in their business. Get onto some better marketing going
    6) Get all the above done, create some movement in the share price, then consolidate the shares on issue on a 20 to 1 basis. The company really is only valued at 3 million at the moment so any consolidation now will simply see the share price halved immediately. AFT needs to get this off 0.1c and increase its market cap. first. 4 years is to long to be be sprouting rhetoric only .

    In summary - You have low expectations of an ASX listed company if you think 1 decent report in 4 years is acceptable. Shareholders have to stop believing the annual CEO spiel that they are working hard. After 4 years of virtual inaction and lack of results, they need to be told action is now required rather than words. I bought a small bundle of these about a year ago at 0.1c so I do have some form of interest in this company performing better. The business leaders in this company though need more energy and a better Vision... and that's just for starters. It has potential but it is running out of time. And Stone continually paying himself in shares is a big big mistake and is why this company is now only valued around $3 million - simple maths. E.
 
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