You may be right. Is the CEO still pulling in 400k a year? That kind of salary needs to be justified with a corresponding share price increase very soon.
As @herbalist suggested, I think the announcement was made primarily to highlight the real potential of returning customers. I’m keen to see what move Coca Cola makes next. If we can get a second upgrade with them, the company’s future is assured.
Don’t employee costs also cover contractors, technicians and manufacturers in Australia and abroad as well? I don’t feel the bloat is too bad for a startup.
Are you able to give an example of another company with a similar market cap that meets your requirements for strong revenue and relatively contained costs? Would love to see what the ideal benchmark is to compare how VIV is tracking.
VIV Price at posting:
5.6¢ Sentiment: Buy Disclosure: Held
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