re: tnc looks like another lum The only difference between LUM and TNC is that the shareholders in TNC dont yet realise they are well om there way to the graveyard.
The current year report from TNC is very upbeat, reads like a company really progressing(sound familar)
But they are only words. The financial's paint a very different story. Almost no revenue coming from there traffic operation(core business). Cash reserves walking out the door very quickly. Without a capital raising wont last another year.
Directors claim will be cash flow positive by end of 04/05. This is just an outright lie. Maybe asic should ask them how they can make this statement when they dont have enough contracts or capital to install the contracts if they somehow won them. Also assuming best case and they win enough contracts and santa delivers the funding , by the time this happens they wont have enough time to install the contracts
Buyer beware
stocks with one foot in the grave, page-21
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