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03/07/19
13:57
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Originally posted by Warnie:
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Just reading the initial prospectus, this group haven't made a profit in 5 years and revenue is decreasing? they had $24m in losses/debt pre IPO, raised $10m and paid themselves back in deferred "director" loans haha The company had $28m in revenue 2014, $36m 2015, $21m 2016 and now people are happy with $10 or $15m? I'm confused? What happened? ere we are 18 months later ....100% increase in shares on issue blimey....then again when you gift a factorer 2.8c shares why not $15m in accumulated losses since listing, no sign of NPAT yet $20m market cap and $3-5m in debt again, oh but cash flow positive for 1 Q haha CEO on $650k+ a year and people think he's doing a good job? I'm lost, or missing something here? good luck all, no more from me.
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reads exactly like APT did in the early days. Disruptive tech company in start up phase, getting traction. Don't know what you don't get. Thanks for adjusting accumulated loss from 450m to 15m.. was scratching my head.
Last edited by
wot :
03/07/19