Employee Benefits Expenses, other employee-related expenses, and...

Employee Benefits Expenses, other employee-related expenses, and professional fees :

2021 - $7,121,133

2022 - $10,467,470

2023 -?


Profit 2021 - $98,433

Loss 2022 - $97, 505

2023 -?

A wage bill of over $10,000,000 and still cannot make money.

This company has continually rearranged the deck chairs eg small customers to large customers, small-time acquisitions that cost peanuts and delivered accordingly.

They have had years of "free" money to crank this business model up into a vibrant profitable business and they sat on their hands doing bugger all. Promoting an agency for Ellison.

Now the economy and business dynamics have changed so it is batten down the hatches for another 5 years and have the agency provide the gravy train for all on the payroll whilst the shareholders sit and watch with an illiquid share price at around the 3 cent mark.