They want to sell the dot business that brings cash in. If they would run the company properly they can easily be in profit. But they run it as a personal cash cow.
The board and CEO are trying to tell you, that they will focus on the trace business. What a bold statement. How can anybody believe that they have any ability to do it? What were they doing for the past 5 years? No new trace customers, trace based solutions or new products. These people are totally incompetent in that regard. They will be trying with no success until all of the cash from the dot business sale are gone and then - ADIOS in to sunset. They had good 8 years on the shareholders money, time to kill some other company.
TRACE IS NOT a viable business on it's own. That has been proven over a long period of years. Look at the below:
- YPB (ASX:YPB) - huge losses, low revenue, share price well down
- ADNAS in the US (NYSX: APDN) - enormous losses (110 million), low revenue, share price down to $0.60 from $80.00!!!!!!
- Security matters - (ASX: SMX) - heading the same way, hardly any revenue
- DOTZ - (ASX: DTZ - same as above
It is a very hard business with established competition all over the world in a way of holograms, security inks, DNA, security printing and labels. These guys have very little chance to make it big unless they diversify, Especially people such as the current DDT management.
Hold if you want the change, sell if not or you will eventually loose it all.
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datadot technology limited
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Ann: Notice of General Meeting 13 May 2019 - Incl Proxy Form, page-3
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Last
0.4¢ |
Change
0.000(0.00%) |
Mkt cap ! $4.843M |
Open | High | Low | Value | Volume |
0.4¢ | 0.4¢ | 0.4¢ | $978 | 244.3K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
8 | 3423283 | 0.3¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
0.4¢ | 13025 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
8 | 3423283 | 0.003 |
8 | 7549503 | 0.002 |
9 | 15751008 | 0.001 |
0 | 0 | 0.000 |
0 | 0 | 0.000 |
Price($) | Vol. | No. |
---|---|---|
0.004 | 13025 | 1 |
0.005 | 2034405 | 5 |
0.006 | 1792413 | 7 |
0.007 | 986776 | 4 |
0.008 | 2445012 | 3 |
Last trade - 13.39pm 25/07/2025 (20 minute delay) ? |
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