Come on now. All soaked up? Today's 8% rise was on $78 traded. Was that you?
I think the preliminary final statements released today show how bad of a financial position these guys are in, and there simply isn't getting out of it with how dire it is.
It costs them $987,000 p.a. to operate in Australia alone. With revenue of $2,140.
Total $1.7 MILLION per year to operate (Australia, Singapore, Indo). $42,000 accumulated revenue.
And they had the balls to say they would be cashflow positive by years end last year? Bit of a kick to the teeth to shareholders. They 100% knew they were never going to be cashflow positive with those kinds of figures.
You can't tell me with a straight face this is a good investment. Or if you can, I can't have a straight face while reading it.
SHO Price at posting:
2.6¢ Sentiment: Sell Disclosure: Not Held
