Prolifix;
I know what the stock is. I just want to see a well defined technology and go to market strategy, which includes funding.
It amazes me that even though ARUP who would be doing all the heavy lifting around the design of the plant , are happy to put their fees on the ever expanding share registry. No questions are asked on what the company is spending $200k or $250k a month on.
Lets look at the travel expenditure of $72k for the six months. What is the KPI's of the travel, are we flying 1st class , business class or economy.
I understand that the company joined Ted's big Indian day out excursion, what tangible results were achieved from that trip.
If you focus on the corporate expenses. What does 450k for 6 months buy us. It seems excessive.
The $750k on employee expenses. We must be paying A Grade salaries or employing heaps of staff. I ran a manufacturing company with a turn over of 30m+ with 100 staff on the same budget.
You cannot just keep spending money on employees , with NO RESULT. The company exists to commercialise the technology, not to provide a KPI free work environment for the Directors and staff.
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