Ann: Revenue Guidance Update and CEO Appointment, page-28

  1. 491 Posts.
    lightbulb Created with Sketch. 95
    I'm out. I've held since the highs of a couple of years ago, so it hurts to take the loss, but honestly I couldn't see any way this thing will fly. They state that sales are disappointing in the US (their biggest market). They have taken way too long to get the product into other markets, like Canada and Australia.

    Mostly I'm out because I have been the Financial Controller of a company, I don't understand how you can overstate profits - 55% increase suddenly becomes 17%??? Somebody is either lying, or not doing their job and either way is a worry.

    They need to be doing two things: opening new markets a lot faster than they have been and adding innovative products. Neither of these things looks set to happen, certainly not in the near future.

    Best of luck to all holders.
 
Add to My Watchlist
What is My Watchlist?
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.