When you see a stock with a market cap at half what the cash reserves are it's time to look at management. Why wouldn't you be like the lucky punter paying 4.2c today instead of the 20c I paid at IPO.
They have nothing much to report since listing in July 2010
except for salaries paid with the MD taking $185K. I think I know who taught him and it seems like he's happy to relax, pick up options and just wait for the money to run out.
Seriously $3.7m in the bank and a market cap of $1.7?
I urge all holders to start putting pressure on management to either perform or stand down at let someone with some drive take over.
Enough said.
Signed
Frustrated
When you see a stock with a market cap at half what the cash...
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