Can you explain where your hearing this rumor about staff...

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50 Posts.

01/09/23

22:49

Post #: 69699590
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Originally posted by Thorium1: ↑

Sadly this company promises at lot but delivers very little except for excessive salaries and bonuses for senior management.

SAAS software that has never delivered on growth expectations. Target market is billions but can't deliver any sustainable growth.

RTO side of the business relies heavily on state government funding and on or two major mining clients who can pull their business at any time.

Makes big announcements about contracts such as the Leadership and Management Training in China but fails to inform the market when these projects stall or fall over.

Constant staff turnover of key management personnel and staff (reportedly 15-20 in the last 12 months)

Keeps pumping out new products to increase average spend of existing clients because they can't win new ones.

Lack of focus. This is a listed company but the RTO talks about the family business and the history of all the family that worked there. Is this a technology company or a family run RTO??? MD treats the company like it is his own when shareholders have pumped in many millions of $

MD should fall on his sword. Empty promises and failure to deliver on expectation other than free shares and pay rises for himself.

Expect this one to slowly go to zero unless big changes are made at the top. Hard to get out of this stock now as there is no volume

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Can you explain where your hearing this rumor about staff turnover?

Also it seems they did win clients and software sales grew 23% in the first half

SCL Price at posting: 23.0¢ Sentiment: Buy Disclosure: Held
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