You can say what you like, the trouble is he is 100% correct. This company has been a train wreck for Australian investors because they got the fundamentals (of how and where they should develop the tech) and the timing of product development so wrong.. Over pretty much the last 15 years- since ADAPT became a thing they have been trying to launch (and pay for) a massive product development and launch into the main market for their product (ADAPT..and the various iterations of that..now a valve) that is the US market using Australian AUD investor capital but spending it in USD... costs (in AUD terms) have been going *up* as the AUD deteriorates - Meanwhile no revenue or profits have ever materialised in (appreciating) USD..!!! Look up the charts of the USD vs AUD in those 15 years... It's gone from parity to 60c... Now we get to this point and they have sold Australian investors out and whatever price they get in either US revenue in the future or a quick sale maybe next two years will be in reverse... The AUD will cycle back to parity and the USD revenue on any AUD capital deployed (when it eventuates) will deteriorate in AUD terms.. Iceman and I called this out like 2-5 years back and nobody was listening ... DYOR and study the FACTS... They screwed Aussie mum and dad investors buy screwing up the roll out.. FACT Yet WP is still there? Even though profits never materialise? This is totally unbelievable Let me know when I can invest back in this venture when the CEO is finally gone and profits (finally) arrive.. Cheers Just MO/NA
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
(20min delay)