Glad you said what i may have been thinking for a long time...

Glad you said what i may have been thinking for a long time ...lol

Transparency is why this is a perennial loser.

29/4/2022 - quote from management in their broker presentation "JAT’s continued revenue strength andinvestment in its operations have laid thefoundations for strong FY23 and FY24 performance. Annual revenues isexpected to increase to $66 million in FY23 and $70 million in FY24."

29/7/2022 - quote from the board "The Board considers the decrease in revenue is acceptable given the COVID-19 pandemic continues spreading in Australia, China and others."

Few thoughts the ASX may like to consider

Is the FY23 and F24 forecast still in place? OR given the 20% revenue decline, is that first statement in doubt? Surely a trading update was warranted given a material drop in income? When was management aware that the revenue growth had stalled?

Based on the last quarter alone, how does the business expect to generate an additional 65% revenue to meet their April forecast? What contracts have JAT in place to support the revenue guidance?

Perhaps the ASX has no interest in policing these type of stocks, but from where i sit the do a p$^s poor job of holding these operators to account.

Glad i'm only now holding free options and sold my remaining shares when they didn't produce the results last Friday.