Just reading the initial prospectus, this group haven't made a profit in 5 years and revenue is decreasing?
they had $24m in losses/debt pre IPO, raised $10m and paid themselves back in deferred "director" loans haha
The company had $28m in revenue 2014, $36m 2015, $21m 2016 and now people are happy with $10 or $15m?
I'm confused? What happened?
ere we are 18 months later ....100% increase in shares on issue blimey....then again when you gift a factorer 2.8c shares why not
$15m in accumulated losses since listing, no sign of NPAT yet $20m market cap and $3-5m in debt again, oh but cash flow positive for 1 Q haha
CEO on $650k+ a year and people think he's doing a good job?
I'm lost, or missing something here? good luck all, no more from me.
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