$60 m market cap , and still not much revenues to show to...

$60 m market cap , and still not much revenues to show to substantiate that

The concern should be that plenty of cash , , and that is shareholders cash , from cap raise after cap raise is being spent .

When these guys announced after the IPO a host of free shares and incentive deals for the execs , i was out .
I do watch with interest , because before that greedy action ,( just my opinion ) occurred I thought the concept made some sense

I watch now to see whether the concept will ever be a true commercialisation or this is another group of high flyers taking cash of shareholders , spending it , paying themselves plenty but not actually advancing the sales much more than where they were when they did the IPO

I know some will dislike this view , but if you read the Presentations from the IPO , and look at the revenues now , even the greatest fan would be starting to doubt the spruik .

Hope I am proven wrong