Seems like before February the company really didn’t have a Plan A or B or any plan except parade around pretending the company is something it’s not. Seen it all too often, startups are so determine to get their company to an IPO, maintain a large portion of shares, award high and unsustainable wages, push through a couple of early capital raises, ride the money merry-go-round until the business model as a small startup is not viable as a public listed company.
Now the company is on the verge of having no M&A acquisition, no realistic or meaning growth, and no other plan to grow. Could be a great little private business but publicly I’m calling the end.
its time that an announcement is made abandoning the NZ acquisition, as its not likely to happen without significant capital which will hold the share price low forever.
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Seems like before February the company really didn’t have a Plan...
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