A stock in need of a decent announcement!, page-5

One year ago the stock was valued at 20 cents coming off a high of 30 cents.
A year is a long time for us all. Especially now every month has 300 days in lock down!(Victorians or Prictorians to other states). Gotta laugh.

We all sit and watch this company lurch from management crisis to management crisis.
Its poor financial deals done that make the stock trade downward when those who financed cash in their shares for 1 cent consideration. How can it not drift lower in these circumstances.

The suspension of NET was required to stop this carnage.
The finance deals were done in haste when long term funding fell over. The Dec 2019 deals have been done to death but they were bad and the fees to do these deals were outrageous.
Now that the old finance will be repaid it appears we can RESET this share.

IMHO it will bottom out in the next 3 months with the overall share market feeling the corona affect on it.
I am then hoping that without the drag of cheap options getting cashed in it will stabalise the share price.
I am then hoping like hell these guys report a good September and good sales.
Thats a lot of hope I know.

The board appears stronger with better governance in place.
The ASX thankfully are protecting us shareholders and reviewing these guys closely. I am happy with that.

If these guys can get their finance set and meet their sales targets we may be able to slowly see a business forming.
This company is in the sales generation phase so I am happy to wait and see. I have sold previously some of my shares in the 20c range and free carry at present so I just hope for all of us it does actually get the sales that it keeps promising .

In MYHO The 4C for June was encouraging depsite the poor financing deals. So if they get their S%%T together on the financing front, breakeven is a goal I look forward to as once the company is operating under its own cash flows rather than capital raises we can all rest easier.

If NET gets to profit it can do traditional financing at 3-4% rather than 18% like the current. Now that will be a relief.

IMHO the Sep quarter should tell us how far this baby has grown and we will know whether we have a business or not. They wont make their $15m target without a strong Sep qtr and they wont be able to generate any interest from institutional investors or refinance anything at reasonable rates of interest without real sales and breakeven.


Good luck to all long termers.
Its like watching 60 days in!
We will break out soon.