This endless hand out shaking for money must stop without solid improvements in results. Shareholders are funding the wages of a group that is going nowhere. I have seen zero evidence since the last capital raise of any improvements to becoming fully self sustaining of funds and zero evidence that they will ever make a profit.
Every capital raise needs clearly defined objectives to achieving profitability, not just keeping the doors open.
the next time someone posts what website traffic, conversion rates, please stop. Management needs to outline what number of users will generate positive cashflow and profit. Simple. Please tell me that point when they become profitable, because all I hear are dreams, while money is being drained for zero chance of financial stability. Does anyone know the point of profitability.
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