Ann: Investor Presentation, page-10

  1. 14,078 Posts.
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    He has and continues to "Dream Big'. Nothing wrong with having a " Big Vision / Big Goals " when having the funds to support it. Problem is, over the years the revenue has always been behind the expenses. Necessary for a few years from the start up of course, but after all these years of setting up the two big clients and securing growth in the industry he needs to show he can achieve CF+. And today's vision statement clearly shows he wants to grow even more but has not indicated how to fund it. At some stage the increased quantity has to turn into quality ( higher level ) but that's not happening at all.

    ..... won't talk about 4Cs anymore... That would be acceptable if the company would already be way above breakeven but it is not. Remember his 2021 comments, India, Singapore, USA, China Agriculture payment fees............all part of a " Big Vision " and huge income expectations. Nothing has eventuated so far.

    As he hasn't demonstrated financial success in WA or AUS after all these years when others have ( ZIP, AP ), how can he be trusted?

    Still holding a few shares just in case but it seems to be a " Never Ending Story " of visions. He isn't Musk who turned some dreams into profitable reality. None of his came true so far and slowly time is running out.

    GLTA
 
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