GBE - Understand no debt and have $13m cash but they had over $40m cash two years ago and expect what they hold, there wasn't any significant acquisition but yet management able to burn over $23m cash. Believe no debt and cash in hand can't be valid argument where management falling behind year by year. Hence, you not seeing cash and asset reflection in share price. Agree it could be multi bags but with current loss of confidence I hardly see day trading or ST picking for GBE. Need couple of good announcement to attract the wider audience.
Morning Traders Wednesday 3rd August, page-114
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