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20:46
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Originally posted by JohnnyLeota:
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I think it’s sad how many posters in here are explaining away this as okay because they have not enough staff or because they have a big announcement coming. I would put the odds of a big announcement causing the delay at about 500/1 based off previous performance. Every single poster in here is a shareholder (apart from the weirdos that post in here that aren’t) and deserves to be treated with respect. Regardless of whether it is pocket money (me) or substantial funds we have invested hard earned (and saved) into this company. My only requirement as a part owner of the company is they keep me informed of important milestones, timeframes for commercialisation (I’m not a charity, I am here to make money) and if they tell me they’ll have something for me at a certain point in time, get it to me or explain to me why it hasn’t arrived. These are the basic fundamentals of any business and if the management can’t meet those simple guidelines they need to step aside and find someone who can. Now the timeframes for commercial revenue or return is dependant in the pay off. If it’s small I expect movement quickly if it’s substantial I can show some patience. I’m in the latter for this stock but as an owner I expect to be kept in the loop. Too many of you are excusing the mediocrity of the company in the basis a massive payday is coming. As I said previously a $570m company should not be informing its owners of an update and missing that with no communication. It also shouldn’t be presenting with something my 11 year old could put together.
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it’s a f*ing podcast, for f*s sakes!! It’s Marketing. Marketing activity that doesn’t drive sales and is dropped left right and centre to accommodate business core operational needs every day of the week. As a finance guy you live in a clean reporting and planning cycle. Little different to working in a new tech co trying to bring your first ground breaking products to market. This whole conversation is abysmal tripe.
(20min delay)