Yes it looks like Next Byte is the saviour of this business in the short term. They bought Next Byte for 20 odd million and shares less than 12 months ago. Which based on the market cap makes the Fone Zone business pretty much worthless.
Correct me if Im wrong. But Page 13 of the annual report. The 2 joint CEO's enjoyed pay rises through the year of more than $300K combined. That stinks.
The positive might be turning these dud Fone Zone stores into Next Byte stores. Fingers crossed.
VTG Price at posting:
0.0¢ Sentiment: None Disclosure: Held
