Most of these ... are either start-ups (or) newish IPOs (Initial Public Offering), they’re living off the capital of their raise,” he said.“They’re listing for the wrong reasons as an exit strategy.”Construction, retail, hospitality and manufacturing are also industries under a lot of stress due to current economic conditions.This is why it was crucial, he said, for investors to do their due diligence so they don’t end up “losing everything”.
Someone here said only 1% of business's survive the ASX after a downturn in the economy I think it depends on the pricing power with your product/service, and the enthusiasm of your management team. Guess we all need to vote on rhat one. Are BOD happy to earn from share holding and CR...or we talking this into a major production business that is the question Im putting to all shareholders now
SYA Price at posting:
8.2¢ Sentiment: Hold Disclosure: Held
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