I'm just amazed how much cash this company manages to burn through. 'Employee benefits' just shy of $3mil (doubled from the previous financial period) I'm not an expert by any means but how does a company with such little revenue manage to pay themselves so much? not to mention the additional administrative costs of $1.5mil (also doubled). Is that the price of a $360,000 increase in revenue?
I had my head bitten off by 1pg rampers with my mid 20s price projection when the share price was in the 40s. I have stated it in the past unless 1pg can increase revenue massively without increasing cost structure this stock is going to sink further. Possibly into the teens.
Each to their own but fundamentally this company doesn't look good IMO
Good luck to anybody who holds this stock.
1PG Price at posting:
24.5¢ Sentiment: Sell Disclosure: Not Held
