If the board and management have over $4,000,000 cash in the bank and the expenses being paid are as follows from last annual report
Employee benefits expense $6,220,837
Other employee-related expenses $524,685
Professional fees $933,900
It and communication expenses $524,792
Total $8,204,214
LAST YEAR THE MARKETING AND ADVERTISING EXPENSES WERE $58,849 - really,
Why be concerned about the share price/liquidity and shareholder value?
All those on the inside are comfortable, what's the issue?
But, they are a public listed company with shareholders that give them cash to create shareholder value? Not feed themselves in a financial security blanket?
The whole culture of this organisation for my money as an investor seems all cocked up.
Why be listed on the ASX?
There is no growth, there is no new dynamic business initiatives, (sure RIYo, but even that seems to have succumbed to the JCurve ultra-conservative protect all within a culture) just the security umbrella of being a NetSuite agent.
............pathetic really.
Will it change - refer to this announcement - 4 months later - nothing
View attachment 3125891
IMO
