Just listened to the media preso
Another partnership bites the dust - roolife
why wasn’t this announced? It was market sensitive when it was signed, but not when it was terminated?
add this to the list
Chemist Warehouse
Pumate
Australian Nutraceuticals
Leilo (1st time - haven’t heard much about the 2nd time).
vitamin Shoppe USA
There are others I’m just getting old and memory doesn’t serve me as well.
On a more positive note - expenses not up as much as anticipated. But still too high to make this a stand out.
I also can’t fathom purchasing when another capital raise is flagged. It doesn’t matter if this is a convertible note or on market. It’s dilution and will affect negatively any future % of earnings per share should I or anybody purchase before hand.
maybe after the raise, and the next quarterly will I look to re enter. Still plenty of time to turn around, and at this stage the risk / reward not favourable. Unfortunately given the market history the company and its management have a very long way to prove credibility. Blaming lack of product to sell due to demand is an absolute cop out. Further partnerships terminated, a lack of understanding of how to add value to shareholders prevails.
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