you do realise they are predicting over 500k spend this quarter and they have always spent more than predicted from memory. so why do you think they are going to reverse this trend and by over 20%
management may very well be working hard to get this company back on track. but the most important question you should ask yourself is....if they could have reduced cost like they are now 2 years ago imagine the position they would be in. it just shows how short sighted and wasteful management have been to date. but at least they are trying to make a mends. if would be very easy for them just to wind down the company and say ohhh well we have it a crack and tried... so management have that to their credit but unfortunately they are in this position because of their decisions to date. I haven't written them off just yet and I will jump back in if they survive this next period and break even on a 4C with a transparent report of where receipts and coming from
IAM Price at posting:
0.1¢ Sentiment: None Disclosure: Not Held
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