To me it's not so much a question that the company hasn't made an income yet as what are its prospects with what it is doing?
There are two applications before the SIG both of which could result very well for the company. But for reasons outside the company's control, both are taking time to be dealt with and hopefully both will be approved.
One can understand the frustration at the wait but all this arm waving stuff is surely pointless until answers to the above outcomes are known. If they are short on loot and need to raise a few mil. everyone can understand that so what is the problem there? And this can't come as a surprise? Sure, the MD's salary is bloody high, but in the scheme of things that will not make or break.
It's the proposed projects and probabilities of success that are important and should be our focus.
AVQ Price at posting:
18.5¢ Sentiment: Buy Disclosure: Held
