AO1 0.00% 0.1¢ assetowl limited

I see you're a little upset that I'm sharing with people who...

  1. 225 Posts.
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    I see you're a little upset that I'm sharing with people who can't read qtrly financials that this is infact a terrible financial outcome, irrespective of the fact that it's a micro cap.

    There's a reason it's still sitting at or below 1c, in fact it's all in the quarterly.

    Saying "It's pretty reasonable burn" is ignorant of basic financials, or a sign of someone who is trapped in a stock and trying to find a justification for holding their losses.

    The only time losses are reasonable is when the company is borrowing money to develop the business and shows QoQ growth in revenues. This stock appears to be 100% pure garbage.
    Last edited by PerfectAnalysis: 31/07/20
 
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