Market agrees. Basically what they are admitting is they set up a business, listed it and now realise they got it wrong and need to grow by acquisition. And that’s no problem when your profitable, to take over other companies to diversify, but when your running at a substantial loss and then do it, crazy. Oh yeah, that’s right, it’s an asx listed company so it’s not their money to risk or give away to a fellow director. And if his business was so successful why would he be selling it to Applydirect? Just to help a brother out!?
Come back end of next quarter and see where it all ends up.
This company has been a real disappointed that had so much potential.
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