I'd be bailing out on these stock moves and announcements.
The company has a long history of never making a profit, because of its razor thin margins, and it wins business by undercutting peer pricing.
It reminds me of another dogsh*t retail tech company, DTS. The margins are so low, it relied on big name customer contract wins to pump the price up before a raise, which ultimately unwound as people realise how thin their margins were.
The margins are so thin, only a very large corporation could support it with deep pockets and ultimately scale (the eventual investor prospect), which is where this is headed.
The opportunity for a tiny ASX microcap to come in and take this market would be possible with an extremely frothy market and some big capital raises, but that time has passed.
Good luck to those buying or choosing to hold.
Just my opinions, do your own research.
SKF Price at posting:
8.4¢ Sentiment: Sell Disclosure: Not Held
