Speculation could be to our detriment until it’s not perhaps with positive results speculating would be in our favour. imo
Ci1 started of the blocks fair, fast and furious but somewhere along the track bumps occurred management failed to fix any problems, took a turn for the worst for the investors and the board, they failed.imo They Don’t seem to be able to even mop up the mess left wandering how long will it take before wasting more time and more money on poor returns. imo
Whilst Ci1 first lot acquisitions were from Singapore a surprise it was entering the lending space but better news was ahead followed by satisfactory profits. Most investors accepted the lending game showed good revenue well established businesses and a good operation well purchased.imo
Moving forward, then entering the BNPL space purchasing a number BNPL unfortunately we are yet to see a significant revenue or a return on the investments. Perhaps a lack of institutional funding is at had as it limits your progress, without the funds it then becoming a slow and tedious operation whilst the big boys moving fast that could be running a loss however doesn’t seem to faze Common Wealth Bank or most Banks that have BNPL but they continue to spread like wild fire, how’s their SP doing? imo
So what if Banks BNPL loosing penny’s to dollar still in operation expanding rapidly leaving no stone unturned with the BNPL space..imo Without institutions support it becomes a slow process so slow investors may have LOST INTEREST. Followed by Ci1 board deciding to entertain e-commerce ekbuy talk about going from the frying pan into the fire indeed a good reflection on the SP hence why it is where it is. Imo
Whilst in the past investors confidence were up for Ci1 had lots of traction for the SP lots of new investors interested and they blow it. They thought foul play was at play from the SP tanking, most thought to be true turned they were WRONG. The problem was not looking at them selves no accountable by their bad choices they completely lost the new and old investors at the time investors confidence was down hence why the SP tanking.imo The errors of judgment were made unwise decisions made. Perhaps Ci1 should reflect take action on what does work and not entertain what doesn’t. Entertaining sectors including e-commerce that the board has no experience in or at least from what I’ve seen on your CV is a red flag imo
Lift your game.
not professional DYOR
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