When all his past post seems to be completely wrong this last month! Maybe he will go elsewhere with his predictions as he was not near whats this result has confirmed, His negativity has certainly not been even close to the actual results for this last six months! I wonder why the board would have given more information at the meeting earlier this month when it was to approve the investments and other matters! Especially when the audited six months result was due in less then four weeks time, Directors has a responsibility to provide correct information to the market, so a prudent board of directors would be best served by waiting for this audited report to be finalised and released in a responsible manner! I believe the board has follow the correct way in releasing information to the shareholders and the market in a perfect professional way! If people don't like a prudent board that is following rules and trying to give correct information to investors then don't invest as I don't think talking up the share price or talking it down without the audited and correct information is not doing any good for any investors and prevent the management to grow the company, And forcing them to spend time defending them self's for doing the right thing in reporting the real confirmed results! Vortiv as a whole can't go out and tell what new clients they are working on if they do, the competition might realise they are about to loose a client to us, or inform another company try as well! Sales agreements is kept secret or under wraps until signed sealed and delivered! To minimise the risk of a competitive company finding out and derailing your agreement with other possible companies in need of your services! I believe that's what this board and it's management team is doing! And the management need to go to trade shows to see and hear what the competition is doing if they don't go, the competitive companies that keep up with the competition will win market share and the companies that are not a trade shows will not succeed as they don't know what the competition is doing! to make money you have to invest in information and now your market and make sure you don't fall behind the competition! simply, the best innovative and informed company usually survives the others will fall behind loose market share and be swallowed by a market leader!
That's what I think and I believe the management is not doing anything that waisting money by going to the US! Maybe other synergy savings with lesser offices is something they can reduce cost however I am sure that will happen when the group will be consolidated under one name and under the same roof, in the next coming year or two! I am pleased with my little investment not expecting to get rich however it's been exciting to follow and learn from my little gamble on the asx!
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