They raised A$ recently and the A$ has been weakening against the USD and with the CEO based in USA he and his support staff are all paid in USD. They earn income in from various countries, so need to wait for Annual report for a breakdown. So, their wage bill will keep rising and last 1/4 they lost A$500,000. As they have never ever made a profit we dont know when they will reach Breakeven and if they ever do, then what should their valuation be, seeing they have been going since 2012?
TNY Price at posting:
$1.05 Sentiment: None Disclosure: Not Held
