OK you raise money to pay yourself a little longer but that does not mean that the business has stopped. Where is:
1) Virgin negotiations – does it even exist anymore? The people in the UK must look at RNL and shake their head in disbelief….First contract signed 3rd March 2017
2) In the January Mkt update Megan Boston advised the market of onboarding of clients in Melbourne and Perth…Have these gone to revenue?
3) No technology update – Has the core platform been finished as quoted in the Dec Qtr?
4) What happened to the sales leads in the US and Australia quoted in the Sept Qtr update?
5) Where is the continual disclosure obligations or is this a case of misleading the market?
Alan Hoffman and Megan Boston say they are going to improve communications but there is nothing but silence. In all my years in financial markets I struggle to think of a more unprofessional performance by a board/management of public company.
As a long suffer shareholder….. Chapmans let the dogs loose.
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And then there was Silence
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