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11:34
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Originally posted by SirloinSteak
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There is still no tangible proof that we cannot trust this company as real and legitimate. ASX investors are consistently too dependant on dividends. My recent thoughts are the company will eventually strike a deal and supply menswear through an existing retailer in Australia as intenred. This will strike a significant rerating. We cant expect dividends when the company is making losses and has written off all intangibles. They are a very conservative group but will likely reward the long term holders that support the business. Additionally, a CA qualified accountant now sits on the board. Patience is required.
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You dont think it strange they have A$28M in cash but only got around $91,000 in interest that is around an interest rate of 0.3% yes not 3% .
