Yes - we are hearing that there is good news as well, and that's not the problem here. As the company progresses you would expect the market would be made well aware of any progress. The lack of updates, or even communications of plans could be taken as lack of progress. You may say that no updates, plans or announcements doesn't mean work isn't being done and you would be technically correct, although you could figure that with progress would come updates; and this is exactly why shareholders are in the position they are in now.
We have no idea what they plan to do, and any plans or goals they have notified us of have been missed and incomplete, and the progress we do hear about sit so far out of line of what we have been told or have been expecting.
You could also argue that if management are steering a ship that is well adrift, a part of steering and managing this ship is transparency with shareholders, and setting a destination or goal. There's no point steering a ship with no destination and that's what we're currently seeing - a company without goals is like a ship without a destination, hopelessly adrift at sea. no matter which way you steer it.
Like a captain of a ship or plane, we are told about where we plan to go, how long it takes and what we can expect on the way. In this case, our captains started driving and haven't told us a thing. Would you be a confident passenger on this ship?
MTC Price at posting:
10.5¢ Sentiment: Hold Disclosure: Held
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