I wonder how many customers Jackgreen does have now. Nothing has been mentioned for a while and the annual report managed to tell us nothing of interest. Is it possible that customer numbers have actually declined?
In the Chairman's reports he notes that "the cycle of new share issues appears to be nearing completion and excluding an acquisition of another second tier retailer or an acceleration of customer acquisitions, our free cash flow should maintain and develop cash reserves ....". I get the feeling they will be having another capital raising sometime in the next six months. Perhaps they should focus on keeping the customers they have!
I really like this company have held shares since they were 10c but I'm starting to wonder if management are really on top of their game. If they want a cheap way to promote the company why not try having an up to date website!
JGL Price at posting:
0.0¢ Sentiment: None Disclosure: Held
