The price is here because growth has stagnated. They’re spending...

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WoosterBrewster

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05/11/21

16:03

Post #: 57352645
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Originally posted by alpha100: ↑

He’s never been “shot for not spending money” as that has clearly never happened before!!

I expect him to manage the company prudently as any CEO should. At this frail point in the company’s history that means not having stupidly taken on debt in the first place, and getting to cash flow breakeven/slightly positive immediately which any chump could do (this is the market’s real problem with the stock, not low revenue growth).

The market screams at Karl “you cannot manage cashflow/expenses” hence we will sell your share price down to such a pathetic level that you cannot possibly raise equity. His response “I know exactly what I’m doing and I’m so confident I’m prepared to go into debt (risking potentially going into administration if things take a turn for the worse) to do it”.

He just has literally no understanding of how the market works, and he never will. This renders him dangerous and absolutely useless as the CEO of a listed company. Why do you think the share price is $0.12 FFS?????

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The price is here because growth has stagnated. They’re spending next to nothing on sales and marketing relative to their peers who are driving 25%+ growth (look at their sales and marketing spend). In saying that all though, investing 900K in someone else’s company was a dumb move. I didn’t invest in LVT to be an angel investor in someone else’s company.

LVT Price at posting: 11.8¢ Sentiment: Hold Disclosure: Held
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