CL8 0.00% 1.3¢ carly holdings limited

I think many on here had lofty dreams of a journey towards 10c,...

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  1. 3,128 Posts.
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    I think many on here had lofty dreams of a journey towards 10c, however Investor PR and marketing budget was cut back due to limited funds IMO.
    Maybe if they raised $1m+ when the stock was stable in the 3's 'interest was very heavy' we'd be in a better position as money could of then been used to rapidly grow, however management chose a different path, run on fumes and dilute at low prices to the largest 2 holders after the longest fundraising saga I've seen. I've also seen no director buying.

    Most recent response from Chris:-
    "As you know, as an ASX company we are obligated to announce any material deals and also wish to announce as much as possible, as soon as possible. As soon as deals are signed and are material, we will announce them. To announce anything prematurely would not be approved for release by the ASX and would probably destroy the chances of concluding the deal. mce-anchorBy forming partnerships we increase the potential returns and minimise ongoing costs such as marketing and customer acquisition. Partnerships take longer to conclude, but deliver greater long term value.

    The Company Overview presented at the EGM is a prelude to a more complete investor presentation which is being developed now.
    I don’t share the view that there is no interest from new investors, but as has been communicated we acknowledge the need to place greater emphasis on investor PR, and will do so."
 
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