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Ann: US Media Partnerships Announcement, page-17

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  1. 96 Posts.
    lightbulb Created with Sketch. 85
    I've been keeping an eye on the company's performance since 2023, having a gander at the number of assigned tasks. To be honest, the past year or so hasn't really delivered any big surprises.

    https://hotcopper.com.au/data/attachments/6435/6435232-aad217cb8b25e2bc3a4cc7a6fe9ab12c.jpg

    Now, if we look at the FY24 report, we're seeing a net cash flow of $1.181 million. But the partnerships with local Aussie media outlets alone are set to cost a whopping $11 million plus interest over two years. These deals are basically just a way of paying off advertising debts using stock options.


    https://hotcopper.com.au/data/attachments/6435/6435284-c7aaf57e09b7b0257863d29138ef078a.jpg

    Despite all this, it's interesting to note that the RAAS Research Group has been hosting two Investor Webinars in just one month. I reckon they must have a reason for pushing the stock so hard.

    While there's a possibility that the share price may increase, I'm not optimistic about the company's future prospects. As a result, I've made the decision to sell all my shares, even though it means taking a loss.

    No matter what happens with the share price, I've called it quits with this company and I won't be looking back. I am happy with my new love APX, see u guys there.

    DYOR
    Last edited by hellowworld: 05/09/24
 
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