new ceo needed this company is run by the ceo , a major shareholder who runs it like its a private business. It is clear the current management is incompetent.
The market cap is only 11m but they seem to be spending about 7m in r&d per year. revenue is not growing fast enough for the amount spent ,but they will spend this amount for the next 3 years.
What they need is a new ceo instead of a major shareholder running this company into the ground. In the last 5 years r&d spend has amounted to possibly 25million, as long as the ceo picks up his $350,000 p.a he couldnt care less,for the next 5 years he will proberably make about $2m with pay rises . Shareholders in the last 5 years have lost their pants and now have to hang on for another 5 years to see if this dog ever pays a dividend or has its bankers call in the loan.
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Last
29.5¢ |
Change
0.005(1.72%) |
Mkt cap ! $52.26M |
Open | High | Low | Value | Volume |
29.5¢ | 29.5¢ | 29.5¢ | $931 | 3.156K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 43403 | 29.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
35.0¢ | 13500 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 43403 | 0.295 |
2 | 34032 | 0.290 |
1 | 1800 | 0.285 |
2 | 38580 | 0.280 |
4 | 47440 | 0.270 |
Price($) | Vol. | No. |
---|---|---|
0.350 | 13500 | 2 |
0.355 | 1060 | 1 |
0.360 | 10460 | 2 |
0.370 | 8108 | 1 |
0.395 | 14502 | 1 |
Last trade - 14.01pm 12/07/2024 (20 minute delay) ? |
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CMP (ASX) Chart |