patience = profitability.)) - the example he gave was 8 years to profitability - at the rate of increasing turnover to date how many more CR's will be required to reach that time frame - wow would love to be an officeholder stretching this out to 8 years on such a good wicket - one million bucks a year for 8 years well that would just about lead to a decent retirement package!!!!!
seriously this appears to me just be saying for PR - stay tuned sit back and watch it unfold in the next 8 years then we will all be laughing - seriously how many are to hang their hat on that!!!. its a sell given the lack of traction being gained - we need more time and more $'s to fund our overheads in the interveneing years))
without traction on turnover then there will be multiple CR's to be undertaken - and dilution reduces share value and at some stage will need to consolidate - and it is very rare for consolidations to result in increased share holder wealth. Rinse Repeat??
this is just a sad case of expectation IMO and stretching it out for whatever its worth for multiple obvious reasons.
hopefully i am incorrect but i dont think so!
PIL Price at posting:
0.4¢ Sentiment: None Disclosure: Not Held
A personalised tool to help users track selected stocks. Delivering real-time notifications on price updates, announcements, and performance stats on each to help make informed investment decisions.
)
(20min delay)