How much time? They don't have time! At this rate they will be bankrupt by Christmas!
They have had over 14 consecutive years of losses. Is that not enough time? 14 years and never once made a profit! Over $10m of investments, loans and grants, and they have lost every cent.
Late last year they spent their last $600K on a lawyer who got them a dubious "reverse takeover" ASX listing in order to open up a whole new bunch of gullible investors who handed them another $5m. 6 months later and they have lost $3.5m of that too. $1.5m left and it is disappearing at $300K per week.
I'm not having a go at you bells, and neither do I have an agenda. I'm just totally baffled as to why you think this company, with its utterly unambiguous record of creating products which don't make money, is going to turn the corner in the next 5 months?
IWG Price at posting:
38.0¢ Sentiment: None Disclosure: Not Held
