All depends on your point of view, it's a sinking ship to me coz it's the worst performing stock in my portfolio, sitting on a 58% loss on a $42k investment atm.
They seem to be great at winning concept and design awards and building one-offs, what about winning a nice meaty ongoing contract or two and bring in some solid revenue? instead of continuing to run at a loss ($5,515 last financial year), at that cash burn rate they will run out of funds before the end of next year, so i'm assuming they will have to do a "Cap Raise" soon and ask shareholders to dig into their pockets and bail them out.
Personally i'm extremely disappointed with their lack of communications with shareholders in regards to updates and I can only guess that they don't have an investor relations person, I used the "Contact Us" facility on their website last Friday to convey my concerns, as yet I'm still waiting for a reply, they didn't even acknowledge receipt of my inquiry and say something like we'll follow up soon.......
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