3DP 9.30% 4.7¢ pointerra limited

Executive guts the company of any $ (near a million to Randy and...

  1. 44 Posts.
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    Executive guts the company of any $ (near a million to Randy and Ian), goes onto raise at 3c per share:
    https://hotcopper.com.au/data/attachments/6255/6255521-7e23e7486e70f9890db15e3628912e1d.jpg

    This is the definition of lifestyling and a mistake that will last the remainder of Pointerra’s short life.

    It’s all well and good to take a trim now but that is REACTIVE. The damage has already been done with coffers being near empty the duration of FY24.

    Directors have strict obligations to act in a company’s best interests. Has the above remuneration been to the benefit of Pointerra, shareholders and growth?

    I’ll leave that for you to decide.

    On a side note, I cannot comprehend making reference to ARR in reports while the number itself remains MIA. RECURRING revenue must be extremely low. Circa $1- $3m at most (licence renewal only).
 
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