Outlook for 2018, add more influencers, get the app in more cars. Which they turn those two things into 6 dot points.
It's 2 goals, which they spend half theie budget on last year and achieved nothing in my opinion..
As I said previously, hand the property over to some hungry uni tech grads and it would get treated and promoted properly.
Current board and management know how to take a pay cheque, and from what I can see based on results, have thrown money away on things that add no current value..
The App is the goal, the app needs to ne a winner, which means mass uptake.
That should be the only goal, and from that perpective they aren't achieving.
They'll need a cash raise this year, and how can they justify it when the money thrown away so far hasn't added any value?
My onlt hope now, they at least know how to pump and dump so there is at least one opportunity to get out at least half way towards IPO price...
I haven't read a more dismal outlook in an annual report. Ever.
Even the worst I have read still had some hope for the future.
This one simply read, "expect more of the same and don't be surprised if we simply fail and the business goes under."
Literally that is almost spelled out in several places..
Very frustrated holder..
HMO Price at posting:
11.0¢ Sentiment: Hold Disclosure: Held
