It's looking more and more like another serial loser. It's not just the share price - it's the highly irregular reporting to shareholders, the lack of information regarding performance until after the period has been and gone, and the ongoing surprises on the downside with accompanying excuses.
Decent directors shouldn't have to be telling their shareholders that they can now understand and analyse the business because they've installed SAP. What happened to the guy who checks all the bills coming in each morning and signs off on the invoices going out to customers at the end of each day?
I'll keep holding because it's low enough to stick with as a punt, but most cases like this end in tears and just enough to buy a nice lunch for one friend per $10k initial investment.
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