Vorno46 - I've followed this one closely as I've lost a lot of...

Vorno46 - I've followed this one closely as I've lost a lot of money. The September quarter is always biggest, followed by the December quarter, then March and June quarters. They are NOT heading in the right direction, they've had an extremely poor quarter yet again.

The facts are (and I'll try not to write in boomer style as I have been accused of before!!)

They are giving away $400 on a camera that hadn't even hit the market along with massive promotions on two of their other new cameras. Heavily discounting a product BEFORE it hits the market is a pretty strong indicator of a total lack of market demand - one can only hope they didn't over order thousands of these like they did last time that landed them in a lawsuit that cost them something like $10m cash lost!

Revenue annualised might suggest $20m, up from $18m last fin year but like I said the September quarter is their biggest followed by December, with those two quarters equating to much more than 50% of annual revenue. Taking everything into consideration looks like they are going backwards...again!!

Still no accountability. Every single presentation 'we're well positioned for growth' blah blah blah. They raised almost $50m and have turned it into $11.4m...with zero accountability. Not one key management change after STARTING a lawsuit that lost the company $10m

This one - the past is the past - absolutely had me scratching my head. The past and present state of the business has been entirely created by this board and management. The company is where it is because Mr Miall has been the CEO the whole time and Mr Dixon the Chair. At some point the two of them must realise it's time to step aside!

This is a business not a kindergarten.

All my opinions do your own research.