Look at this Investor Presentation:
https://hotcopper.com.au/threads/ann-investor-presentation.2711549/#.WKSWcTt96uU
@maglor
You are hearing the same dribble from tired shareholders who have heard excuse after excuse and I do understand the legislation changes and delays, and bedding down period but they did after all release a non working crap product to release performance shares early, trap investors for 3 months, and change the tone of their statements to state 'MVP', VIP, etc when the product failed...
Complete lack of
INTEGRITY by current & previous management and they have not changed..We have not received any information apart from release of performance shares.. So go figure? Cam is a director? How about give us a tech update? Or is his nose still runny?
IMO the new CEO was an excuse to buy some time. The investor presentation has a detailed marketing plan and launch which would have cost a good amount and was prepared by directors with years of experience. We already have a bunch of relationships / partners?? What happened to those? By due diligence what is Sean going to review the long standing relationships between Wangle directors and the marketing companies they either part own or their mates do to ensure its best fit for the company? Come on..
@ whoever commented on BRN.. Please don't post on other stocks performance - it is not related. look at SIR went from a few cents to $5. or 1pg $5.50 to 18c. Who cares. Was lucky to sell down a big parcel in October and still hold but now we face a new 52 week low post product and IMO the app right now from reading the statements from company is almost as good as its going to get? Apparently there is some server side upgrades to increase 'performance'? but how do we know?..What time frame? Limbooo.....as usual.
Unless things drastically change with the APP's performance in the next few upgrades (time period?) this won't see past a $20m MC for a long time imo. Its overvalued now imo.
TA suggests further downward pressure and 1.5 comes into play after the 2c break. Also there is a 10M prop buy at 0.001, and 5M at 0.002/0.003 so the buy side is very very thin.
See you in the teens.
