Apologies @emptytrolly
I did not mean to offend you or accuse you of being dishonest in anyway, shape or form.
I was referring to management's need to be honest with us shareholders. As @LongCleanEnergy mentioned, Delorean has a commitment to market disclosure policy, as well as ASX listing obligations. Over the past six months they have failed to disclose material impacts in terms of project execution and financing. I do not believe that simply not providing guidance and having really loose outlooks implies no requirement to disclose material changes to shareholders. Moreover, I do not believe that listing lots of things as Covid-19 disruptions and one-offs to make 13 substantive adjustments is being honest to shareholders.
https://www.deloreancorporation.com.au/wp-content/uploads/2021/02/DEL-Market-Disclosure-Policy-.pdf
I agree with the sentiment around the macro tailwinds, the potential addressable market for the technology, the substantive pipeline, and the difficulty of implementing bespoke engineering for clients. I suppose now it's to make an assessment as to whether those positives outweigh the risks. It's very unfortunate that they have discredited their own track record by - not by failing to meet lofty ambitious - but by failing to be open with shareholders as difficulty things unfolded in front of them. We'll see, I have not written Delorean off by any stretch of the imagination, just trying to provide a balanced view (for myself) of the risks and rewards.
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Apologies @emptytrollyI did not mean to offend you or accuse you...
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