the agm , page-6

frogwar

to correct your misconception.

The only thing pulse HAS DONE is increase its provision of alternative to Hospital care facilities.It has franchised its existing homecare system(got rid of the overlapping one),once they refined it(no different than McDonalds)and opened new neighbourhood rooms(cheap as).Management systems already paid for.
Probably because that's the cheapest and most profitable tack,when your cashflow (for growth) restricted-
TO INCREASE INCOME AND HOPEFULLY USE A PROVEN AND PROFITABLE MODEL.
It also lines up your future patients through your system,rather than someone elses.(first dibs)
Have no doubt the fight isn't about having hospital facilities at the moment,its about lining up patients and doctors to use them profitably,hopefully government funded and being able to offer services that are needed(e.g.dedicated funded beds and x-ray facilities at gympie for starters)

don't despair,given time,sale of Gympie,things will free up.Even minor free cashflow if not squandered can add up over a year or two if used for targeted growth.
Just a pity PULSE weren't in that position to move forward over the last few months.

Nothing worse than seeing,but not being able to do-where i suspect management are now.Shareprice is too disgusting for another round of capital raising and people want to see real after tax profit results not ersatz EBITDA ones with piles of so called non-reoccurring neverending one off expenses/write-offs.