The only thing giving me any hope about this company is the fact Jason Peterson took a punt on it recently purchasing 5% for around $100k.
I don't know much about him but he appears to have good experience in capital markets etc.
It's also interesting to see Gino's name appear above Russell's in the Annual Reports. I wonder if Mr Peterson would be more inclined to vote with Gino or Russell in anything put forward, if they disagreed in direction or strategy, his holding could offset Russell's advantage in owning more shares than Gino if he was inclined to do so.
There was a decreased expenditure on advertising and marketing, which might reflect the fact we don't appear to have a 'Corporate Spotlight' available on Hot Copper above, which costs roughly the same.as this decrease in expenditure, I believe
MTC Price at posting:
1.5¢ Sentiment: Hold Disclosure: Held
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