I don't have a problem with using shareholder funds to support growth. The problem here is that they don't seem to have any discernible plan to get to self sustainability.
They've had a few raisings and the messages oscillate from growth to being on a path to self-funding sustainability to massive growth (the US boondoggle). My problem with management is that I can't discern a consistent strategy. I thought I could for a while but they just seem all over the place. Chasing too many butterflies.
Personally I'd be quite happy with a change of management at this point. I'd be quite happy to invest more here based on the potential but I've had no faith in management commentary for a while now.
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I don't have a problem with using shareholder funds to...
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1.9¢ |
Change
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Mkt cap ! $5.524M |
Open | High | Low | Value | Volume |
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Buyers (Bids)
No. | Vol. | Price($) |
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2 | 105000 | 1.7¢ |
Sellers (Offers)
Price($) | Vol. | No. |
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2.0¢ | 116014 | 1 |
View Market Depth
No. | Vol. | Price($) |
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2 | 105000 | 0.017 |
1 | 1000000 | 0.016 |
1 | 500000 | 0.015 |
1 | 20000 | 0.013 |
2 | 145200 | 0.010 |
Price($) | Vol. | No. |
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0.020 | 116014 | 1 |
0.022 | 109551 | 1 |
0.023 | 700000 | 1 |
0.024 | 66700 | 2 |
0.025 | 140000 | 2 |
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