Fish feet name calling and insults now thats rich coming from you.
If you think the management of RMA have done a good job you deserve them. Look at the facts of RMA.
Listed 18 months ago, three months of which was spent in suspension of trading on the ASX, at 20 cents now trading at 2.2 cents a decrease of close to 90%.
In the 18 months RMA have gone back to the market fund raising three times effectively reducing the original shareholders interest by over 50% .
More importantly from the time RMA listed to 30th June this year they lost $11 million dollars. Sales in the corresponding period have been $318,000 so they have spent $34 for ever dollar they have generated, also during this same period staff cost have been $4.37 million, travel of $474,000 a staggering $30K per month in travel, office expenses of $1.16 million, and only $208,000 has been spent of marketing the product, but $2 million has been spent on the product.
Looks like a well run company to you does it fish feet
RMA Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
