Ann: Senetas Half-Year Results Announcement, page-34

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tamz

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03/03/24

17:23

Post #: 72720191
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Originally posted by Autosime: ↑

Reaper
they have said clearly no contracts have been lost. If the company in question was not proceeding, then that comment would not be made.

Senetas’ mistake was not to raise more early to have a capital buffer .

tamz - why I have little time for the management is I will never forget a conversation with AW where I asked about CR , at the stock was around 4.8-5c and they had just realised to market potential EON value . His answer is they aren’t going to raise at such a low price . Within a week they were raising at 3.8c ( which seems so high now lol)
now - I know how CRs work , and there is no way discussions about a CR had not already been had when we spoke , which would have included an approximate price . So in essence I feel I was outright lied to, or at least misled . I still participated in the placement but it has left a sour taste in my mouth .

We have had an array of excuses, which have to an extent been all real, however good management anticipates and mitigates such risks . In this regard AW and the board have been a catastrophic failure . AW also holds limited stock but has extracted 4-5 m in salaries over the last few years. The only reason he is still there in my view must be a cosy relationship with FG. I also find FG treatment of shareholders at the two AGMs I attended to be condescending

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yes dishonesty like that would leave a very sour taste.

i have never had much time for Senetas management as i have always found a level of disrespect for retail shareholders.

the new shareholders portal is the first sign i have seen of them caring about shareholders. It seems to be working quite well - any questions I have had, have been answered quickly and politely. Maybe the rubbish share price has made them realise that shareholders do count…..

SEN Price at posting: 1.2¢ Sentiment: Hold Disclosure: Held
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Ann: Senetas Half-Year Results Announcement, page-34

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Ann: Senetas Half-Year Results Announcement, page-34

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