Percentages are deceptive - remember its off such a poor and low...

  1. 702 Posts.
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    Percentages are deceptive - remember its off such a poor and low base, and after 18 months!.

    I've already posted (and others have posted) that we need sales of hundreds of units per quarter and not sales of units of 30 or 40 units, and if I recall correctly, includes some units with no revenue for 12 months.

    Remember
    - 15 cents under the old management when the ASX was down
    - now 3 cents and the ASX is up
    - all cash raised at 15 cents is gone
    - now in debt with no clear path to debt repayment - I'm picking they are hoping the share price appreciates so they can undertake a capital raise - 15 cents looks juicy ! time will tell.

    - I have given credit for the reduction in costs - their only real achievement to date - after 18 months, but accountants don't grow businesses

    What does all that tell you about the current management's performance !!

    The market and share price decline tell you everything you need to know.

    Wake up, Two Dags - it's not a great list of achievements - and there is an increasing number of shareholders on this forum expressing the same frustration.






 
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