It appears that The current Management and Board continues to improve their new direction and strategies quarterly reports over the last years as follows:
1-Deliver double digit declines vs prior year every quarter and sometimes communicate results as expected
2-Promote non-performing employees and keep them even if they continue to deliver record poor performance
3-Deliver lower margins
4-Announce new distribution in large number of stores even if sales are declining and offer limited updates on the volumes and impact to the business.
5-Announce new marketing strategies that have low or no impact in sales
6-Announce global expansion to new markets with low or no impact in sales and provide limited updates
7-Provide limited or no updates on potentially recurring issues i.e. Legal claims, Walmart Performance and Inventory adjustments risks etc.
8-Deliver consistent record-breaking low stock price
9-Launch lower quality innovation that can potentially cannibalize the base business at potentially lower profitability
10-Develop and launch webisodes that deliver low consumer acceptance at a high cost.
11-Reduce Marketing investments over prior years
12-Claim double digit increases in Yowie World website traffic and Facebook, You Tube views even if Sales decline significantly.
13-Eliminate non-performing investments (that should have not be implemented in the first place) and claim that the business profitability is improving even if sales and potentially margins continue to decline.
14-Communicate that next quarter might be negatively impacted by yet another excuse.
15-Promise positive EBIDTA for the following year
16-Promise positive Cash Flow for “THE NEAR TERM”
17-Blame others for the poor results delivered
CONGRATULATIONS FOR A STELLAR AND CONSISTENT EXECUTION OF STRATEGIES FOR 7 QUARTERS IN A ROW!!!!!!!
3 YEARS 3QTR RESULTS BASED ON APPENDIX 4C AS REPORTED
-3QTR Results March 2017-FY2017 (Before Current Management)$5.9M56%GMYTD (9 months trend)-$15.1M
-3QTR Results March 2018-FY2018(Current Management) $4.6M (Decline reported as expected)??%GM-Not reportedYTD (9 months trend)-$13.6M
-3QTR Results March 2019(Current Management)$2.37M, ??%GM-Not reportedYTD (9 months trend)-$11.0M
SINCE CURRENT MANAGEMENT AND BOARD HAVE BLAMED OTHERS IN THE PAST FOR THEIR POOR RESULTS WHO ARE THEY BLAMING NOW? RUMBLE??????
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