I'm buying a little parcel. Today's announcement shows that they...

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864 Posts.

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22/11/17

09:39

Post #: 29007809
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Originally posted by sk1pper ↑

It's hard to see where they go from here to avoid closing the doors. I wonder what is going on at their offices.
With the AGM just a few days away, I would think that they are going to have to do something pretty drastic to restore any measure of confidence in the management of this venture.
In most companies the solution might be found in a management change but, with the "egocentric" (for want of a better term) nature of many .com web-based companies, that is not always an option.
With the benefit of hindsight, it would have been much more likely to succeed if they had signed up a few smaller, manageable contracts to fine tune their offer, before listing.
As attractive as the Australian Post deal looked, losing it in such a fashion dealt a bad blow.
This is the wicked side of the double edged sword that is publicly traded shares.
The value is taken as a measure of investors' confidence (rightly so) and the whole performance is played out in public with the history on open display.
With today's low volumes on offer ($600 bids - $450 offers), it's hard to see them convincing another major player that they are worth the risk.
Any coincidence that their "head cheerleader" has not posted in support of them since his pop at you, Fasterwater, three months and 1.7c ago?
With his inside track to the management, he could actually give the shareholders some good feedback.
I hope they can turn it around as it is not a bad idea.

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I'm buying a little parcel. Today's announcement shows that they are talking with some decent businesses. I know there is inherent risk at times with some unknowns, but at 2c-3c I reckon there is upside.

TKF Price at posting: 2.1¢ Sentiment: Buy Disclosure: Held
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