I don't have a problem with using shareholder funds to support growth. The problem here is that they don't seem to have any discernible plan to get to self sustainability.
They've had a few raisings and the messages oscillate from growth to being on a path to self-funding sustainability to massive growth (the US boondoggle). My problem with management is that I can't discern a consistent strategy. I thought I could for a while but they just seem all over the place. Chasing too many butterflies.
Personally I'd be quite happy with a change of management at this point. I'd be quite happy to invest more here based on the potential but I've had no faith in management commentary for a while now.
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Ann: Optus Statement of Works near-doubles to over $2 million, page-37
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Mkt cap ! $4.942M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
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1 | 65591 | 1.7¢ |
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Price($) | Vol. | No. |
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1.8¢ | 115591 | 1 |
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No. | Vol. | Price($) |
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1 | 65591 | 0.017 |
3 | 605542 | 0.016 |
3 | 1760000 | 0.015 |
1 | 50000 | 0.014 |
3 | 2298461 | 0.013 |
Price($) | Vol. | No. |
---|---|---|
0.018 | 115591 | 1 |
0.020 | 86153 | 2 |
0.021 | 203398 | 1 |
0.022 | 109551 | 1 |
0.023 | 700000 | 1 |
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