GSW (ASX) Ann: Foreign Investment Review Board update

Originally posted by roofy: ↑

Gosh, averaging down at this stage would be a seriously brave move. I’d really love to get an understanding of the mindset of anyone who is buying right now. There is just so much risk involved and there are so many good opportunities at the market. It just sounds like ‘averaging down’ is just another word for throwing good money after bad. Particularly with the knowledge that they have just about run out of cash and will need to raise capital soon, which one might expect, will dilute all holders.

I wonder if all current holders could answer me this question: At this point are you holding because you think:
A) the management team have what it takes to make this company success or;
B) you think the problem they are solving and the tech they have developed is so good that it will eventually get widespread uptake or;
C) some other reason

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...you are asking the wrong questions....

what did they do with >$70M...it basically vanished and there appears to be ZERO outcomes to date... and I am not referring to the ~$30M they have used to pay themselves, school friends, crystallise bonus shares via acquisitions, etc. ?
Why would you ask one of your school buddies to be the sole shareholder of the Holdco that is going to acquire Getswift?
Why would you double/triple almost everyone's compensation in 2 years...wouldn't option be a better approach if you believed in the end goal?
Why has there been a massive exodus of staff these last 6 weeks alone? Some of them even on their way to 'Meet Palmer'
Why are they paying their Head of 'Administration and Human Resources' ~$430K/year with only ~20 staff? How did she end up with ~700,000 shares when there is an NDA for the executives in place?
What is the story of '3BiiLSoft d.o.o.' - why is there still no sign of 50% of the cash from the 'revenues' that they have reported from nowhere at the end of the year after 3 months? Let me guess, more 'debtor' write-offs?
Why has revenue suddenly drop during the latest quarter?
Why have there been a change of executives without any ASX announcements? More importantly, why can't they keep their CFO's...three CFO's in three years... and counting....and not one announcement...and now they are outsourcing this position....after paying the guy $600K without letting everyone know....why?

...well, at they say hindsight is 20/20...and there is still 6 weeks left of 2020... so I have a feeling that they are going to show their cards soon...and I am mindful, that not everyone is going to like the look of it....

...my 2 cents....