A whole lot of truth here. The acquisitions are just a way of purchasing revenue.
Their core product is as yet unproven. Leaving aside the CA GSW is a company that got traction off some cool-looking demos and presumably by leveraging Google Maps. I'd be stunned if they had much more than that. So I think their burn rate on their core business is entirely believable - they are trying to turn some fancy demos and a decent rolodex into a sustainable business. Stranger things could happen.
As for Bane paying himself $1M/year, I would imagine in his shoes many of us would do the same. Given the probability this flames out and goes to zero in a few years, this is how they are going to get rich. It's not exactly a vote of confidence in the long-term prospects for the share price though, is it?
- Forums
- ASX - By Stock
- GSW
- Ann: Appendix 4E and 2019 Financial Report
Ann: Appendix 4E and 2019 Financial Report, page-15
-
-
- There are more pages in this discussion • 19 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)