Share
995 Posts.
lightbulb Created with Sketch. 491
clock Created with Sketch. 02/10/19
18:42
Share
Originally posted by Wilson4
↑
Management continues to disappoint. This announcement gives the impression we are not yet cash flow positive and have once again had an expenditure blow out. Apparently we need this funding to “achieve” cash flow positive? That is a long way from the guidance they gave in April which was the company is committed to operating in a cash flow positive manner by the end of FY19 and into FY20. How can they change their strategy by employing more staff with expenditure blowouts and going after growth without informing the market but diluting shareholders? If they had announced the growth strategy earlier perhaps the share price would have been higher with less dilution…
Expand
I have to agree. IMO they almost appear to be trying to suppress the share price so that they can raise funds through their related sophisticated parties on the cheap.
