Initially this company presented a convincing business model.
Then the details began to unravel
The operation was in a commercial mess.
The individuals now in control have not convinced me they know what they are doing. That is the board and management.
The “padding” has worn thin and the market has responded accordingly.
I see no share price appreciation until such time as the “fancy” number presentations are backed up with contracts that pay and those that are in place pay in line with best business practise.
To date they keep spending at will and promote on hype.
…….its delivery time, then the market will rerate the share price - in the meantime it will collapse on fairy tales.
IME Price at posting:
58.0¢ Sentiment: Buy Disclosure: Held
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