At the AGM on October 25th, Alan Stockdale predicted break even by December 31st, and profit of $1.5 - 2.5m by year end. On September 3rd (just a little earlier) he purchased 1 million shares at an average of 10.4c. Around the same time (on September 6th), John Dubois purchased 200,000 shares at 11.5 cents.
The question is whether the current management take their corporate responsibilities more seriously than the previous management?
It seems to me that they tried to create expectations for a higher standard of conduct, by specifically saying that the new team were laying to rest the "Venture Capital" roots of the organisation (read this as looking for takeovers, leaking tidbits to the market,etc).
If they don't deliver very close to their market guidance from October 25th, they will be judged (correctly) to be the same caliber as the management that they replaced.
I am of the opinion that they will deliver to guidance, and maybe a tiny bit more.
I'm not always right, though ~smile~
SEN Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
