In my opinion this failed long ago. Quarterly after quarterly with great % metrics, but terrible COGS & high overheads.
The ability to convince many over here with little graphs of rising revenues of 20-80% but when comparing it against such low figures it wasn’t hard.
Don’t get me wrong it was a traders greatest tool; oh to the monthly update days.
But I don’t think anyone will support this in the next raise; holders have lost faith, no large investors willing to touch this. Sure a couple more fake pumps. This one’s a flat tyre.
The only change that would help this is cull the staff; focus on one ‘disruptive’ technology, get rid of half the sales force and spend that on social media. For a company that was bought for multimillions to have a social following of just over 1k in hospitality is pretty atrocious. The pie shop down the road has more.
But hey what do I know, apparently I live in a town of 20 people and have a fish and chip store right?
my opinion only.
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