skywater emergency water generator, page-9

Is this company a joke?

So much potential but very little action.

The only thing I'm pleased with is that they have cut their own little pay checks from $1.5 mill (for 8 people) to $0.8 mil (for 7 people)... Still further cost cutting could be taken.

Perhaps they should get rid of most of their management team, cut their pays again, and then do some actual marketing themselves!

A very disappointing announcement too..

"The Company’s financial position has approved significantly from the rights issue. The funds raised will be used to assist future working capital and to investigate suitable business development opportunities that might be identified by the Company."

Lol. Seriously, they've already blown half of what has been raised. And this is an improvement???

No more money from me and although I'm holding (it's not worth the effort of selling these), I could not honestly recommend this company to anyone, not even my evil mother-in-law!!! :-(

Sorry to those long-time holders but this company is typical of so much junk you find on the ASX.

How do they get away with trading?


PS - Only joking about the mother-in-law bit!