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.
SP3 Price at posting:
2.7¢ Sentiment: Hold Disclosure: Held
