Unfortunately this company is a broken record that consistently walks the talk.
Every quarter it itemises factors that explain why now it is not cash flow positive and profitable as you have enumerated above and point to the next quarter when profitability will be demonstrated. Their classic and often repeated line is we have booked trades this quarter which will be brought to account next quarter.
Not once in their history have they delivered.
After repeated capital raisings, each one more heavily discounted than the last, they yet still manage to trade at historical lows in what has been an unparalleled bull market for financial stocks.
This company excels at failing to deliver and at failing to execute what it promises to shareholders old and new when it raises capital.
How can a company, populated according to it with the best and brightest people in the industry in Australia, be noteworthy only for its mediocrity and dismal performance quarter after quarter?
Look at the salary line each quarter. They don't deserve it.
Unfortunately this company is a broken record that consistently...
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