UNT 0.00% 1.3¢ unith ltd

An Optimist View

  1. 7,602 Posts.
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    Whilst I am extremely disappointed in our share price particularly as I am in at 25 cents and have been for nearly 3 years . The fact that building a business such as this one is not always easy , breaking new ground etc . If you take out the 1.5 million in investment in Crowd Media we would have actually made $800 K profit . Now if you take out the investment of $1.5 million in crowd media we would not have created income of $1.5 mil either , but this investment is geared to the future , as I have said on another stock forum "Rome was not built in a day" , but it did get built . I argued a long time ago , who really gives a hoot about debt as long as you can repay it over a term , All companies have debt of some sort . Their net debt is now minimal . If they had an overdraft facility of $3 to $5 million no one would know in stead of having a convertible note . What is more important here , is are they making money and where their future profit will come from , the growth in Crowd Media will out strip both other divisions , it has been necessary to have these divisions to be able to build upon what is known in marketing terms as the "Shooting Star " . Would be great to have spare cash at these prices . Would be quite happy to invest for the future and average down .
 
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