Trans under pressure.Negative working capital - theoretically...

Trans under pressure.

Negative working capital - theoretically trading insolvent. Although they have access to debt (for the moment).

$24m spent on capex yet we keep being told fleet is up to date. Look at capex over the last few years - how many ATMs does that equate to? The whole fleet a few times over.

Paid out $30m to shareholders (incl buyback) and left nothing to run the company. Paying an 8c dividend with $80k in cash.

Result far below analyst expectations.

Contrary to some other people's beliefs and comments, management and board have to be questioned.