Jumped out a few weeks ago, however when i read last nights announcement i thought here they go again.
Deliberately waited for the holders to bail who planned on today before i have a massive rant about this business.
So where do you start. The strange BS around the SMB. Promised the world and delivered alot of hot air. After the SMB announcement late last year they soon followed up with a impromtu webinar (the last time we heard didley squat). Tried to say its all good we are moving towards neutraceuticals blah blah it only made up x amount anyway.
Guys looking at being breakeven by around Xmas time. Hasn't happend at all.
This all on the back of the most BS CR ever conducted which was for equipment such as an oil extraction machine which was going to be one of its kind in NZ. They were being approached by other businesses to use this machine before they even ordered one. That's more BS.
We are waiting for a sample with Toyond to be cleared through Chinese quarantine inspection before we make some sort of formal supply agreement, absolute BS.
We are looking at about 7 odd agreement's in the next 6 weeks after the CR. With nil SPP price and you wondered why the take up was what it was.
Massive amount of BS nothing but a failed agreement with SMB which followed in those 7 weeks. All this talk about US Japan Korea SE Asia on a webinar that wasnt recorded or any details of this provided to the market through correct disclosure via the ASX.
Nothing suprised me while reading that announcement last night.
Until this morning, wow but wait guys we have just taking an order its a big one off .Yeah we are going great!
Was it the fact that they had communicated through shareholders that they would not announce any contracts which werent material. But we thought we'd let you know we are still here and killing it. cheers for the support.
Well what a lesson, write down those involved and lut an asterisks next to . Never again.
I know so many people that have been burned by all this BS and this morning was the last straw for me. That's all. Goodluck to those who stay on here. Honestly you will need it. I know a few who are in too deep to bail but out of principle i took a big loss and put it elsewhere.
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