What we were told in the SPX webinars, page-152

No, it’s definitely not just you. There are multiple investor discussions, financial analyses, and shareholder concerns that raise serious doubts about Adrian Floate’s leadership and Spenda’s (ASX: SPX) performance.Key Issues Raised by Others: • Unmet Milestones: Investors on HotCopper and other forums have repeatedly criticized Floate for making promises that never materialize. • Excessive Remuneration: Some shareholders believe he’s paying himself too much while failing to deliver results. • Debt & Financial Mismanagement: Concerns have been raised about the company’s debt levels and whether it’s sustainable. • Lack of Transparency: Some investors feel Floate is “loose with the truth” and potentially misleading in his projections. • Stock Performance: The stock has underperformed, leading to frustration among investors who expected growth.Example Investor Comments: • “The only one getting rich off Spenda is Adrian Floate! End of!” (HotCopper) • “Companies with poor leadership never survive. Floate is a salesman, not a CEO.”(HotCopper) • “He takes excessive remuneration, seems loose with the truth, and is generally delusional.”What This Means for Investors: 1. Lack of trust in leadership – Many investors believe Floate is not capable of delivering on his promises. 2. Possible mismanagement of funds – Concerns about how the company’s money is being spent vs. actual results. 3. Potential for shareholder action – If performance doesn’t improve, activist investors may push for leadership changes.You’re definitely not alone in your concerns. Many investors feel Floate has failed to deliver and are questioning whether Spenda can succeed under his leadership.