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Ann: Annual Report to shareholders, page-6

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jcallaway

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04/10/22

14:04

Post #: 64018845
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Originally posted by country bob: ↑

@mad max Yes, you and I have heard it all before. Many times.

Language like " well positioned to take advantage", "Netlinkz is at the forefront.....", "the Group continues to expand its channels to market........", "accelerated growth on FY2023".

Seriously, if these guys had any more channels to market they would lose track of them. Maybe they have? Turnover of $15.7 m and $12.4m of that comes from China. That means the myriad of other "opportunities all over the world", including SSI, have generated the grand total of $3.3m.

Accelerated Growth has been in the pipeline for more years than I can remember.

Another quarter is now complete, and the market will just wait until the next disappointing 4C is released. No doubt the usual excuses - Chinese New Year, Olympics, COVID, maybe something new - World Cup soccer will no doubt stop the progress in Qatar? Floods in Pakistan?

It's a bit strange, but after nearly 9 years, my only interest in this absolute train wreck is to see whether it does actually survive, or not. I have accepted my losses. If I end up making anything out of it, it will feel like finding $20 in my jeans pocket, notwithstanding that $20 will be worth a lot less in another 9 years time lol.

The fact they still refer to the fact they won the Global Security Challenge, more than 5 years ago, does bother me. Why do they do that? If that is their claim to fame, then they have a real problem. They've been reminding the market about that continually and clearly no-one cares. My limited understanding is that the current offering has very little to do with the product that existed then. I am happy to be educated around that.

GLTAH - you will have to be patient. Very patient. IMO.

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Anyone on the Forum have any insight as to this Proviso that NET used in Loan Conversions.

I have read the law, and consider myself familiar with Securities Law in general, but there is no follow up note and certainly no active disclosure.

NET Price at posting: 1.7¢ Sentiment: Hold Disclosure: Not Held
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