SPZ 4.39% 54.5¢ smart parking limited

Ann: Trading Halt, page-8

  1. 1,829 Posts.
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    "I have a gut-feel that this presentation is the precursor to something dramatic happening."

    Ha! I wrote this the other day after the presentation and am now sadly proved correct.

    Unfortunately the "something dramatic" happening part is that simply the company is running out of money. What a sad indictment of management that despite this great global opportunity and apparently world leading technology they can't even run the business without periodically going cap in hand back to shareholders.

    Very disappointing outcome and with such low liquidity we can't even gracefully exit the stock without causing a crash back to single figures.

    I would say this would be a good time for Chris Morris to look at his management team and make a few well targeted changes.
 
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