In Aug23 NNG announced a profit, celebrated as if this was the...

In Aug23 NNG announced a profit, celebrated as if this was the turn around. 15 months later, cashflow negative, changing strategy to concentrate on high margin, ….nothing has changed, for more than 18 months, this company seems directionless, no clear vision or plan. Just hoping to bleed shareholders for as long as possible.

Now talk of a reverse takeover, value proposition for shareholders… they are loss making, cashflow negative, couldn’t complete the NZ acquisition, every action has failed, the company was bled dry from day one with ridiculous salaries, IPO was only to access retail funds to churn and burn.