HCL 3.45% 14.0¢ highcom limited

tombstone is on order., page-10

  1. 404 Posts.

    Should have jumped ship with you - waiting until now to drop out but my holding had significantly dropped since I invested.

    This company is a complete basket case - more excuses for missing forecasts, and they haven't managed to make any significant progress into obtaining new deals.

    The latest update reads 'red alert':

    * $1.4 Million Dollar loss for the year - last quarter we were told XTEK would be back in black for the year.

    * Company has a current market cap of $2.7 million! (nice loss).

    * A clear indication the company needs to grow to survive - and it's clearly stated that acquisitions need to take place. With what money may we ask? They just received $300k from a placement - how would XTEK fund any aquisition? No bank will go near this, - more placements?? = more share dilution - how low can the SP go from here?

    Again this is a complete basket case - should have put this one out of its mysery years ago.
 
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