Exactly, they have invested in areas that can bring recurring revenue and better margins. It’s a transformational period. Iridium share price still rising, our products are in demand but patience is needed. That said if we don’t see better cash flow from now onwards it will get very ugly.
If people have an issue with management/Directors not buying shares email the company. I’m only telling you my thoughts and that is that I’ve never seen another company face pressure like this to have Directors buy shares or justify their actions if not.
BCC Price at posting:
20.0¢ Sentiment: Buy Disclosure: Held
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