Bigger and Better? Prove It.
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If this is what “bigger and better” looks like, then we have a serious problem. We were promised progress —TGA approval, GBA approval encouraged NUB funded rolloutin Germany starting January 2025?, then pushed to March. It's now May, and still nothing. No NUB-funded rollout. No traction. No results.
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Meanwhile, from October to December last year, they spent a massive $2.7 million on admin and staff costs alone. That’s not a typo —$2.7 million in one quarter. Where did that money go? Certainly? towards meeting the very milestones they stood in front of investors and confidently laid out. If you can spend that kind of money and still fail to deliver, then what confidence are we supposed to have left?
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To me, this reeks of empty promises. Made to keep sentiment up during a capital raise, but not backed by outcomes. And I’d be shocked if major holders like Pengana weren’t asking the same questions — how can you justify this kind of spend with no results?
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Now we’re being handed a proposed 400-to-1 share consolidation, as if that’s somehow going to fix confidence. It’s not. It’s a cosmetic move masking a failure to deliver on the fundamentals.
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Bigger and better? Not when $2.7M vanishes into admin and zero progress follows.
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We need more than words. We need proof of delivery— not delays, not excuses, not empty investor slides.
(20min delay)