The main issue and the continual stumbling of this stock re any share price value is the internal focus on adding up numbers within the safety net of a business model built on someone else's business and buying a sales force to implement the business.
As an agent for Netsuite they have no control over their own profit. If revenue stumbles the whole business model collapses like a house of cards. You begin losing money in the millions per year. It cost approx $9,000,000 yes NINE MILLION DOLLARS A YEAR TO RUN THIS BUSINESS.
This company is not new to this space. They have been around for years.
With all the developments in technology within the field they operate, they have chosen to be an agent.
You have a board of accountants and a sales force.
Where in this company are the creators of a new commercial concept/s and developing product/products relevant to our ever changing market.
None - they go into the bubble of mediocrity with the security of an agency business model.
........on the Board, Baillie (List of fellows of the Australian Institute of company directors) has 83,124,215 shares and Jobling ( Barrister/solictor)has 51,704,301 shares. Hatchman (Accountant) the chairman has 3,500,000 shares and Franks(Chartered Accountant) has 4,206,174 shares
So Baillie and Jobling are obviously calling the shots
Baillie has been associated with this company since 2007
Jobling has been associated with this company since 2015
Hatchman has been associated with this company since 2014
Over the time they have been involved the company share price has performed as follows
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It would seem to be a part time interest handing over the hard part of developing a company and shareholder value to using an agency arrangement and multi million dollar sales force.
I did not invest in a company with a passive board that shows minimal capacity to build a vibrant company in control of its own destiny.
Who is the visionary within this company to drive an agenda - or is just a "government" run business model drowning in mediocrity?
.........
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Last
3.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $11.56M |
Open | High | Low | Value | Volume |
0.0¢ | 0.0¢ | 0.0¢ | $0 | 0 |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
4 | 98685 | 3.1¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
3.6¢ | 1105808 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
4 | 98685 | 0.031 |
1 | 80000 | 0.025 |
1 | 70000 | 0.014 |
1 | 80000 | 0.012 |
1 | 100000 | 0.010 |
Price($) | Vol. | No. |
---|---|---|
0.036 | 1105808 | 1 |
0.048 | 311308 | 2 |
0.049 | 250000 | 1 |
0.050 | 162000 | 1 |
0.056 | 100000 | 1 |
Last trade - 16.21pm 11/07/2025 (20 minute delay) ? |
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