What absolute poor effort for not providing any commentary with quarterly and no spark of results improving etc etc. It that seriously the best they could do. They would want to come out with a decent defense statement to encourage minor holders to hold with some expectation of something better to come ?
Management may feel secure thinking he has a job initially either outcome and then get retrenched but may not understand how dirty it can get ? Gotta wonder and who is advising these guys?
Predators probably spewing that there is more than 17 mill in bank as they can't withdraw and do a even lower lowball bid as a tactic of course considering the fact they are on the register and that in itself IMO brings the price down as others don't want to play in the same field.
WAM statements are interesting and I wonder in how many other companies they will have to re-state their interests considering they obviously didn't fully understand the reporting rules that have been around for ever. Wonder how many other funds who hold 20% in another fund even internally have been incorrectly reporting across the whole ASX. ASIC needs to send a note to all of em . It is a convoluted process and as stated by WAM they have no direct control even if in the eyes of ASIC they have a interest . Old rules yonks ago if I remember had a rule about being able to exert control and that was seen as intent of reporting. Shares can be bought by a fund managed by party involved but underlying ownership elsewhere and will be seen as separate unrelated entity and the manager makes investment decisions so rules are not solving the problem.
455K on capital equipment? What have they been buying 100 on IP - usually see this in 1st quarter when due but pushed into 2nd or have they registered more ??? Costs compared to sales volume still too high with no growth seemingly and no commentary to know any different?
Gee if only we had the social media trends data so we could see how well they are doing with someone talking up their own book but no more do we have the indefensible stats being fed out .
Where are all the ex management now that they have left with bags of cash they could hardly carry. They doing any good in new roles or just traveling the world ( its summer in europe again) ?
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What absolute poor effort for not providing any commentary with...
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