Well those results were pretty disappointing. Someone mentioned...

Well those results were pretty disappointing. Someone mentioned the later the results, the worse they get. Well they pretty much waited until the final hour which is annoying in itself. Just man up and put the thing together and get it into the public domain.

I can deal with company's having good and bad quarters, the revenue and profit streams are definitely not perfect Excel linear functions, but the continual BS vague commentary where its clearly a shotgun approach to try and find where they can make money with no serious plan is annoying. They should go back to being Goldsearch because they are operating like a junior miner digging mindlessly all over the shop hoping to find some gold in the global desert with what appears to be a day by day throw at the dartboard. We continue to see new sales people end up on the payroll across mother Earth, announcements of trials, deal etc but the facts are revenues continue to decline as costs grow. With the number of trials and limited revenue from these clearly the approach needs some altering, or refocusing.

A hospital trial in Hungary, WTF. Either people believe your product is good or not, doing some random trial in Hungary is not going to add 1 inch of value to validate your product. Who genuinely thinks this adds any value at all? If we are going to operate like a junior mining company how about start reporting on that basis. How many litres are we selling into animal health, into Zoonex, into packaging and into the standard sanitiser markets each quarter? What margins are we intending to chase long term in each of these segments? In certain segments are we aiming to sell lots at low margin to stay cost competitive or are we aiming to be a very high end product?

Cash receipts of $2.9 mill, it would be nice with such a pitiful result to understand what segment/geographical base declined the most substantial. We keep hearing about the Qantas sales, reading about 101 airports, public transports services, etc using these products, how much money does all this actually contribute to the bottom line? Are all these contracts $5 pie and coke deals so we can continue to say you use them when we are essentially sending you the stuff for nothing and you can choose to throw it in the bin? Are they significant revenues, or are we doing them at cost/below cost, as a way of marketing the brand?

I was stupid enough to buy some more in prior to the quarterly results and believe there could be value if they sort their focus and attention rather than be all over the shop. My patience is running very thin with management, not for this result as an outlier, but the lack of plan and confidence there is a progressive plan on where they will be in 1 to 5 years. Will they be digging mindlessly for gold in Latvia by that stage?