One standout with successful companies is delivery
This company is built on a story trying to find a publisher.
To this point they have failed dismally. They have now put out a comic book into the market place to patch up the holes.
Next call will be for more funds from "sophisticated" investors. What this actually means is finding a broker who will flock the deal at a reduced entry point to their existing customer base. Then we have another 500,000,000 shares or whatever to be washed through the system which basically keeps the company in casino world.
If you were a buyer of technology from a company and found its share price was less than half a cent - what perception do you think that will register.
This organisation had their opportunity to arrange one substantial collaborative deal with a major supplier. They announced these extraordinary contracts with extensive conditions. The result. Nothing.
Now resorted to an entrepreneur, part time inventor as their latest business ASX announcements..
Next announcement - yep you guessed it - a CR more money. This time around the table in the market has turned. The free money on a story has dried up and these guys will have to get a real job.
......interesting trying to raise more funds - "tell me about your business successes".
UTR Price at posting:
0.6¢ Sentiment: None Disclosure: Held
