I have seen so many companies fail miserably when entering the USA market.
Company should focus on Australia and New Zealand first and totally dominate this space.
At this current rate would need to hit ~$10m in sales just to break even on a net profit basis.
Not insurmountable, just a case of how many more CR's done between now and then.
I'm really not a fan of industrial companies putting all these costs in place then trying to scale after. Would have preferred to see costs and people match the growth. I know that's hard but this explains why so many CR's for this company on the way down.
I'm just frustrated because I got into the company 4-5 years ago when it was $0.30/share. Not sure how long you guys have all been in but I've been waiting a long while now and just not seeing any signs of profitability in sight. The company is looking like it's struggling to scale which is a huge disappointment for me.
Wolf
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