Market logic: Impairment charge of $500k announced so market wipes $5million + off Market cap.
They are burning nearly that money every couple of days at the moment. It's literally days worth of cash burn.
Call it unbridled optimism of just plain stupidity but I feel a lot more comfortable with my now significantly reduced investment in the hands of this management then I did towards the end of Shortalls reign.
We have all seen Hastings potential, I'm hoping he fires this thing up soon and helps drive this business forward.
I'm still waiting to see what Ryan was referring too in the conference call early this year.
"Judge us not on what we say, but what we do".
I've got no problem judging them, they just need to hurry up and do it.....anything.
This was always a long term investment for me, I had no idea we would end up in this dire position but the story still hasn't changed. Long term play for hopefully long term rewards.
I want to still be invested in this when Unifollowers $1 dividend is on the table .
Sorry mate, just having some fun.
Good luck guys.
Have a good weekend.
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