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
