Results are bad. An acquisition with what money? This is money losing year...
Also there are some gems in there, seems there are write offs... hmmm... some mistakes were made?
So acquisition with shares? extra dilution? What I see in the charts is happening right on schedule.
The markets know everything.
Net asset value per share is 2.2c if I remember well.
Squeeze between, huge slow down in china, rise in raw material, potentially some financial and business mistakes, potentially some slightly off marketing, looks like the perfect storm for new lows.
I'd be looking for fresh blood to come in and signal a bounce to the market. This company has potential, but it seems to me, like a lot of aussie and kiwi businesses, they're not exactly managed in an optimal fashion.
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