IPD was set for growth when those wanting a spill used the capital raise at 15 cents (discounted from the then share price around 20 cents) as an excuse for the spill
that capital raise has turned out to be prudent and sound corporate governance - with hind-site its hard to dispute that!
your "all star" team have squandered the cash from that capital raise playing musical chairs with staff replacement and trying to learn the business
breakeven is goal number 3 or 4 (it keeps moving but is never No 1)
sales forecasts are terrible tweaks to revenue recognition don't do a damn thing for cash flow terrible communication - yes, worse than the old lot and the share price reflects the new managements performance and ability to generate sales revenue and deliver - and remember they just completed a couple of months of investor briefings - so they could install confidence in their ability - the share price is falling - another fail !!
there's nothing star studded about them - I've worked with stars and they are not stars
performance to date is more like "amateurs" and "corporate clowns"
so please stop the pumping and start pushing for performance - sales and breakeven !
IPD Price at posting:
5.1¢ Sentiment: None Disclosure: Held
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