What is going on down at Swift Networks?
The deal for Medical Media looks like it's done nothing for the company.
The much vaunted addition of alleged power players Smorgon & Leary has yet to provide one iota of value to the SP or operations. The opposite has been the case. New Chairman, CEO, COO overseeing this woeful decline in activity and value.
The Chief Revenue Officer who was parachuted in via MM acq has overseen a drop in value from 30c to 9c in his first 12 months on the job.
The announcements over the last 12+ months stink of the same words and complete lack of action.
The lack of material announcements demonstrating progress is alarming.
Jan '18 46c
Jan '19 27c
Jan '20 8.9c
This stock has lost 80% of it's value in the last two years despite several announcements painting a picture of sunshine and lollypops.
Disgraceful.
I look forward to the next announcement spruiking a one camp deal with Resource Company X. That'll put the market on notice!
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