Ye gads, who is sucking the cash out of this listing! It is a cash cow for those on the inside.
Who is actually calling the shots with this mob?
I do not think there is a leader.
imo its directionless. The "business model" whatever that maybe just continues over time to collapse on every front.
Walkers Cicero for some years, has been getting substantial fees from Wangle/Family Insights with Directors fees, consultancy fees, administration fees, office location fees
Walker off late has replaced one of his own personnel on the Board of Family Insights. In the ensuing period Family Insights revenue continued to collapse and the company has now been delisted from the ASX.
We still have the company listed as operating from the Cicero location whilst at the same time Family Insights has opened another office in Brisbane. The original comment re this move was to rapidly increase the development of the company. But the company has gone backwards.
So we have Cicero on the payroll.
We have a second office in Brisbane on the payroll
We have 3 Directors located on the extremities of Australia on the payroll plus now included are salaried data employees located in Brisbane I presume. Has this office been set up for the benefit of Sean Smith the CEO because ti is h
The company has no revenue, is suspended from the ASX and is now operating on a tax rebate supplied by tax payers.
Plus shareholders whilst all this money has been pouring out to the above parties have had a 100:1 consolidation gifted to them.
Shareholders investment obliterated whilst they all get paid for delivering zero.
No wonder the ASX has called the listing to a halt.
The problem is - all the same personnel are still operating the business.
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