I laid out the options as I see them here: https://hotcopper.com.au/threads/ann-h1-fy2020-appendix-4d-preliminary-interim-report.5592425/page-13?post_id=46968446
Other options? Perhaps. But requires somebody outside to see an opportunity and get a good deal on the dregs.
It’s not good. It’s quite simply a company that spends more money than they make.
If you are a person that spends more money than you make, you end up homeless and drunk in the park. That is this. The market will only bail Paul out so many times, then, it’s over. Same as with our (Ecofibre) Board of Directors 20 years ago. At a certain point, we had to cut him off, because he likes OPM too much, doesn’t know how to turn a profit AND feed his ego at the same time.
Ann: H1 FY2020 Appendix 4D Preliminary Interim Report, page-66
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