DMC design milk co limited

Ann: June FY21 Trading Update, page-4

  1. 1,307 Posts.
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    Jeez you guys are a soft touch. This Board / Management Team took over the company in 2013 and have just kept making cosmetic changes to what is an embarrassingly small online marketplace.

    Its a pretty straightforward business - sell trinkets for more than they cost you. It *should* be bullet-proof since it only needs to pay for the trinkets 30-60 days after it has sold them.

    Yet somehow, in 8 years they have racked up US$55m in accumulated losses; "grown" the business to an embarrassing AU$3.3m turnover; have never once turned a profit and think its a success just reducing its loss from one year to the next.

    Hard to believe shareholders aren't lining up with pitchforks ...

 
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