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I'm a long time holder. But seriously these guys need to reign...

  1. Jonesy11
    28 Posts.
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    18/02/22
    10:20
    Post #: 59655878
    I'm a long time holder. But seriously these guys need to reign in their expenditure. Compared to 30th June 2021, they've increased their Borrowings by $1million and spent $10 million of their cash reserves. In the meantime, year on year revenue growth is negligible and losses have ballooned out to a loss of $7m.
    This feels like a recipe for disaster. Will they ever attain meaningful revenues to get to cashflow breakeven? I can't see it happening.
    QFE Price at posting: 12.0¢ Sentiment: Hold Disclosure: Held
    Likes Created with Sketch. 3  Upvote
    lightbulb Created with Sketch.  Great analysis
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