Alan - I regret to say your statements are completely incorrect.
You may not trust the company directors statements that the business is profitable but any astute investor would not wait until the profits are shown on the books. I believe most of the companies at the state where we are do not show any profits but are valued based on their potential for future profits expansion and incremental business (like SPL). How big is FMG, how much money they took from investors and for how many years and not showing profits but expanding their business?
Can anyone else please mention other great companies with unique world class products that are focused on growth and market and not immediate profits?
Would you rather hear that Moolap delivered $10M profit or that we are expanding (lets say in partnership with a major aluminium giant) to other parts of US, Canada, Europe, South America, Asia and Africa? What do you think would have greater impact on the share price? Do you people really think the process is unproven and unprofitable? Why even bother to invest and read anything about this company?
MHM Price at posting:
72.0¢ Sentiment: Buy Disclosure: Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)