New Zealand State of the Art Factory up for Sale that Shareholders paid for, page-87

pretty much sums it up hey
On paper people get sucked in by the large amounts of revenue but in reality its the fact that they are such low margin plays its impossible to make coin. Then you have mgmt taking monster fees, honestly how can the company survive. The first thing people should look at before investing is the directors salary.

The other thing which is the worst is the fact they were acquiring these businesses, pay them out by buying them, the previous owners get a sum money plus dump there shares then you have mgmt being able to access raise money for acquisitions and milk the company longer by selling the story to shareholders when in fact these acquisitions were all dogs. Like what happened to Omniblend.

Also then you had the previous directors who sold there shares on market constantly. That should have been a warning sign, obviously they knew the inside goss of the company and wanted to get there cash out asap after leaving the board.

There is so much weird crap going on in this company, I cant believe I got sucked into this. Probably deserved to lose money here not doing my proper DD. MASSIVE LESSON

People complaining to ASIC, but honestly what do you want ASIC to look for here? Just curious, majority of the mistakes for me was just my lack of DD.