I think there needs to be a new game that all the shareholders can play. Instead of Where;s Wally lets play Where;s Oper8tor. This ground breaking App which was supposed to be finished 6 months after the listing as long as Angus got the money to finish the development. Angus got his money plus some. Check in the annual report they allocated $2 million for it. They have now spent $2.4 million and it has been over two years but there is still no commercial product. If you ask the company about what is happening they make excuses and say that they are changing tact because they see another quicker avenue to commercialisation however they dont address the fact that it is still over 12 months longer than they predicted and also they have spent so far over $400K more than they said it needed. And over the last 6 months the silence is deafening. Shareholders are asking for an update but there is nothing except the same spiel that they have been using for the past 12 months.
The latest update was version 1.6 in the App store and this was done on the 14/7/20 but there has been nothing since then. This is supposed to be a product which is under going continual testing but there has been no updates for the past 2 months. Something is not right here. Management needs to address this with its shareholders. What has happened to the legendary road map with Ragnar capital?
Does Angus still work for the company? Has anyone heard from him lately. He got given the position of CEO of Oper8tor but since then there has been NO PROGRESS what so ever. Did he take the position or did he decide to go and run a bar or something?
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