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Ann: Appendix 4E and Preliminary Final Report, page-5

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DoriansMirror

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31/08/20

21:09

Post #: 46968416
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Originally posted by Day424: ↑

The high expenses are expected as they close deals and facilitate new ones, especially when these deals are scattered throughout the world and in-person meetings are needed. You don't make money without spending, hence the speculative nature and pricing of MYQ's share price previously. Thankfully now we are seeing it being priced towards a company that is finally emerging from the speculative side of things and shedding a lot of the risk. The team has worked hard to reach here, and we will see many milestones being ticked off like dominoes as we reap the benefits of these expenses.

Also, definitely worth keeping in mind the many times the company reminded us that they have effectively cut company burn/expenses in half since the onset of the Covid pandemic.

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Say what you will, they were wasting money on luxury hotels and business class flights and fancy dinners. We are just lucky they aren't doing that now.

MYQ Price at posting: 47.5¢ Sentiment: Buy Disclosure: Held
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