Unfortunately many of the holders in this company would rather believe that they’re brilliant investors than hold management to account.
All it takes is one webinar (choose any you like) to see the CEO is hopelessly out of his depth.
To this, add multiple missed deadlines, consistent $1m+ quarterly operational losses, vague descriptions of the company’s financial outlook and the sudden departure of the CFO and you know all you need to know about where this is heading.
It’s possible there’s something here that could be considered a viable business. Unfortunately current leadership lurches from disaster to disaster, bumbling and fumbling with no clear direction. Time and cash is running out.
SPX Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
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