VCR ventracor limited

why haven't they targetted profitability?, page-4

  1. 11,407 Posts.
    I dont think VCR understand what profit is.

    They simply have lived on capital raisings, SPP's etc ever since they listed on the ASX.

    We know Biotech startups can take a while but I personally believe VCR has missed their chance.

    Now we see them emotionally almost twisting shareholders arms to cough up another $5K each.

    They dont seem to be able to get money elsewhere and this looks desperate and like they are close to closing doors for a while or good.

    Tread carefully on this one...just my opinion.

    I dont like the management here...seem very out of touch with how to start, build and run a profitable business and expect people to just keep blindly giving them money for this AWESOME LVAD device that one day will make a mint.

    Sorry VCR management...reckon you have royally screwed the whole company.

    Very sad.
 
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