Yes this investment has been a huge mistake for all of us...(except the smart lenders that made a quick buck)
It is a real shame ,the product seems to be quite good.
The problem is that the people running the company treat it as an university or government project with limitless cash resources. They order more cash like they are ordering a pizza.
This is quite common when the founders of the company don't have any skin in the game and have large salaries. They really don't care.
They seem to have forgotten that you have to sell the bloody things to earn revenue.
These guys are so incompetent at selling: they couldn't sell crack to crackheads.
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- Ann: Nuheara Q2 FY24 Business Update
Ann: Nuheara Q2 FY24 Business Update, page-155
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