Hi ooooaaahh99
Good to see you are back. What are your thoughts on the annual report. Namely,
(1) Emoluments for most highly paid executive officer and directors fees exceed the $1mill mark. For a company struggling to EBITDA postive, dont you think these payments are a lead weight on the company. How are these payments justified for a company that continually fails to meet its own statements made in the past.
(2) The annual report indicates that the english directors hold no shares in the company. While directors and execs sleep comfortably at night knowing their pay cheques will come, shareholders are having nightmares about their huge unrealised losses.
In terms of FNT, how can we have a completion date at the end of this month if shareholders havent even been asked to vote for it. Let alone the company call for a meeting as you mentioned above. Furthermore, where is any due diligence on the whole deal?
In terms of revenue growth, sure it was best quarter so far, but only miminal growth from June numbers.
How can a company talk about dual listings, buying more businesses, yet isnt cashflow positive. These kinds of things call for cash. Is it going to be funded by more placements at these prices? If so, are we going to have a billion shares on issue before we finally get off the ground.
Did you read the article in SMH when Advantel failed to meet its revenue forecast. Did you notice the reference to it being a former mining company. When will this company move out of Perth and appoint an Australian director with telcoms experience?
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Hi ooooaaahh99Good to see you are back. What are your thoughts...
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