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17/05/21
14:13
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Originally posted by coxbra:
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Yep - agreed. As a long term holder thinking at various stages on the way down that they were undervalued has left me in the hole. I cannot believe that Management doesn't provide any updates as to business churn (or growth, laugh out loud) to keep investors informed. More than 50% of revenue is going to employee wages which seems unbelievably high, yet they continue to keep burning investor $$$. One thing i have learned regarding dud leaders, is that they will eventually walk away with a nice handshake deal, and pick up another role at the next sucker Company.
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ISD like many others are great destructors of value. more garbage small/micro cap with garbage business plans/mgmt being given the green light by crook auditors who collect insane fees. once listed, mgmt and everybody else pays themselves , cap raise, repeat until company insolvent. rinse and repeat. i m liquidating majority and moving to USA where mgmt are keen to actually work.