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I have to ask why I'd bother to try to convince you or...

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kickit2me

13,622 Posts.

4845

26/05/23

00:34

Post #: 67970605
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Originally posted by optimistus: ↑

Ok, so please tell us all what you think their strategy is.

I originally thought it was to get themselves to a level of self sustainability in their local operations without the last raising. I note (that despite your exhortations to talk to management and listen to their messages) you thought so too.

Then I thought the last raise was to get them to that point. Since then we've had the US butterfly and the acquisition and the results and commentary seem absent any mention of the elephant in the room, becoming sustainable.

It's as if having managed to raise funds it's like "job done, we're good for the next 12 months". After the last raise I posted on here that the messaging prior to the raise (not to mention the completely useless "unweighted pipeline" was sufficiently at odds with previous messaging that I would only take note of reportable facts.

So please, yes tell us about their plan for the next 12 months. Would it be to burn another $2m for an increase of $1m in revenue and no closer to profitability? Probably not because I don't reckon they'd be able to raise the money.

I'm happy to be convinced but really can't see it.

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I have to ask why I'd bother to try to convince you or anyone for that matter.

...

SP3 Price at posting: 2.0¢ Sentiment: Buy Disclosure: Held
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