AN is a good smooth talker but does'nt walk the walk. Nothing...

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29/08/22

20:57

Post #: 63392720
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Originally posted by Systematic28: ↑

Straight upfront I certainly don't want to introduce any rumor of take over! I made a phone call to AN about 12month ago, in that conversation I had expressed the hope that ultimately the business would grow and retain a strong team, decent and clean balance sheet, be self sufficient and profitable at base idle and then look for opportunities to win business from its competitors, AN asked me to clarify my thoughts around the word "self sufficient". Basically I noted that for a business to compliment my existing business, should I be looking at purchasing growth or purchasing to de-risk from competition then that business would need to be instant asset positive, not a detractor. The conversation was about the "end game", how dose this play out for maximum return on invested capital. And yes I understand that any t/o would require contractual approval from GM but again I'm not wishing to even introduce t/o speculation at this stage. Just say I'm happy with how the last 12 months have played out from a business development point of view. Of course an SP starting with a 3 would be nice also.

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AN is a good smooth talker but does'nt walk the walk. Nothing ever eventuates. You can give him as many business ideas as you like and he will listen to them nicely. But he does'nt have to worry as pocketed his millions a long time ago. This little business ticks over just enough to remunerate itself.

CXZ Price at posting: 1.2¢ Sentiment: Buy Disclosure: Held
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Last 2.5¢		Change 0.000(0.00%)		Mkt cap ! $20.27M

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