"Money is being directed to the latter which is the preference at this stage- till we get some more runs on the board I do not see the point spending money on marketing to shareholders."
This is actually back to front.
Until we get some runs on the board, and so we can keep the lights on, we need to keep the investment community engaged and excited. After all, this is where the $ have been coming from them and will continue to do so until we see otherwise.
Look at IMU and MSB and others with similar MC but not cashflow positive, do you think they would still exist if they let their market caps had dropped to $50m?
ADO Price at posting:
2.0¢ Sentiment: None Disclosure: Held
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