Sounds like you're a bit of feminist! Me saying guys is more of a colloquial word which is not intended to be sexist. But, more importantly everyone who posts on here is in exactly the same position, as me. We all are waiting for this company to stop grandstanding and start producing profound results that will be catalysts for capital growth. At this point nothing which has been declared by the company has come to fruition, which is increasingly frustrating to many, especially those who thought they would be already cash flow positive, by now,
Imo Richard and his team have bitten off way more than they can chew. They should've concentrated all their efforts on commercialising Promarker D in the US, once that test had established itself, with recurring revenue, look to do the bring the other tests to market. All they've done now is have three tests which may or may not be commercialised this calendar year, and this "direct to market" pursuit they've wholeheartedly backed may or may not even succeed. They're a public company, using investors' money, and since the Sonic deal's capitulation they should've been way more transparent with investors to why they have put all the eggs in this risky strategy.
Again. imo Richard should've stepped aside long ago. He's been involved in it for two decades for god's sake and still has only produced little revenue and is clearly out of his depth to grow this company. I made the point about him getting rich because in the last "talk fest" it was brought up and I thought that was in poor taste and let's be honest he's making a very large sum of money, plus sitting on millions of shares, and options so, why does he have to rush.
I invested in this company because of Promarker D and for it being profoundly positive for diabetics, as my father is one. I thought this test would already be helping people but since I invested all this management has done is kick the can down the road and change their focus and really, I have had limited chances of recouping any of my investment.
So, please understand that there are some people who are big investors, and this company is not my only large investment on the ASX, but when I see management playing games and rewarding themselves with stuff, like this most recent placement, when they've been extremely poor in providing shareholder returns it really pisses me off.
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