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0.6¢ range international limited

Thank you, mate.

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David200067

117 Posts.

10/01/18

08:23

Post #: 30179786
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Originally posted by FraserJC ↑

So many reasons, but basically a result of over-promising and woefully under-delivering. I got in at 30 cents about 3-4 months ago, and have watched it continue to decline ever since.

The product itself could be revolutionary once they are able to produce it reliably and at a low cost. However, they've had a lot of trouble doing that so far, and the only big order they had has now fallen through.

The product is particularly amazing because it solves two major problems in one go: reducing plastic waste, and reducing deforestation. I can see a lot of companies jumping on board once they refine the production process and start to sell it aggressively. Moreover, this technology could conceivably be applied to lots of other applications, not just plastic pallets.

The board has done a terrible job, but continues to pay themselves handsomely. However, the newly-appointed senior management appear to be addressing those issues now, and have also devised a "back to basics" strategy to get the company back on track.

Happy to keep holding, but not expecting any miracles this year...

Hope that helps

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Thank you, mate.

RAN Price at posting: 7.1¢ Sentiment: None Disclosure: Held
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