Ann making the right noises in an effort to stem the rot. I guess what the management needs to understand is that investors are looking for having decent margin percentages, along with large revenue.
A near 100% COGS makes all big orders look useless IMO. We need to have profitability, not just large turnovers in-order to cover fixed costs which are rocketing up. The share based payment plan and COGS is such an eyesore.
If this continues, AJX will have to come with a capital raising soon just to keep paying the current cost structure.
I am looking forward to an ANN which talks about profitability and margin prospects, and a detailed clarification on the half yearly report
All IMO
DYOR
