Ann: 1H FY22 Results Presentation, page-307

Doc do you have a mirror? Or maybe just look at the reflection from those glass walls within the glass house you are in before you go off again throwing stones.

Your bias against MSB is very clear and your inability to cope with another perspective on PNV is also very clear. there are other posters who find what I say quite reasonable here, so if you don’t quite get it, maybe it’s you and not me.

The vindictiveness of your posts recently are not welcome.

As I noted in a previous post, there is a lot more to their spending than just hiring sales staff. If they did that then it wouldn’t be a problem, in fact staff costs went up very much in line with sales growth.

But corp admin has gone up 60% and it appears largely due to them expanding into new regions. That’s a decision they made and they could have delayed expansion. It’s hard to say no to opening up in a new region, but tough decisions need to be made sometimes.

the US is clearly the largest market and one has to ask if it is worth expanding into a new region better or using that cash to expand your sales force in the US. You don’t have to do both at the same time. You can stagger it, you can make more responsible decisions than what they appear to have made.

but the matter of fact is costs increased by 50%, which is within management’s control. It was an aggressive expansion which probably didn’t have to be so aggressive in new regions.

I find myself here pointing other investors in the right direction when it comes to the financials, correcting statements that are false. I don’t have to do that, but clearly some investors here don’t quite understand financials that well, or how to find the information they need to make decisions.

I don’t go around attacking other peoples’s views, instead I’m merely trying to explain mine and the attack on me is relentless. I reply in respect of posters, and I get told I’m repeating myself. I don’t know what to do sometimes, the crowd here is seriously something else.