Guys, am I the only person here thinking that this is just another lifestyle company?
The only people that are benefiting from this quarter is the management team once again. This company is a lifestyle company. Raising cash to give themselves pay-rises- year after year. Look at the latest annual report- after how many years they keep on changing their business model to whatever is selling newspapers.-raised $15M and spent almost it all.
Anyone can sell $1Billion of stuff and make no profit in the end- and that is what is happening- look at their history- they keep selling stuff to themselves, by the looks of it, and ask you guys for handouts to fund their lifestyles- well that how I read it!!!!! After how many years, their net assets are worth only $3.5M, less than my house- so why is this company worth 13 times their net assets and not making any money? - or what am I missing?
