It was obvious early on this was your typical ASX lifestyle company.
They never cared about a profit because they knew they was never going to be one. They had a white Elephant that they tried to hide for as long as possible, whilst sucking as much money out of the company as they could.
This would have collapsed a lot earlier if they wernt able to use covid as a supply chain issue. When it was obvious they had plenty of them in the warehouse that were just not selling.
They even had a way of draining everything once they couldnt fool the market anymore.
Plenty of egos on here have lost money because they thought they knew better. Im guessing Miller has convinced the backers that he can sell this company on to some unsuspecting M & A to get some of their money back. The only thing disgruntled holders can hope for, is they made him put money into it as well. Because in my opinion, no one is going to today this worth a barge poll.
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