It is the sales growth figures and net profits growth lures me into checking this stock.
This company used a backdoor acquisition to list itself in the mid CY2009.
In 7 years from 2010 to 2016, it in total raised $54 million share capital from shareholders, spent $72 millions to acquire new business but produced ZERO free cash flow while still pretending it is doing a good job by telling people they have good profits via Income Statement!
They are selling the medical equipment right? Not a financing company. How come in so many years they produce zero cash flow...and the number of shares grows from 23 million in 2010 to 160 million in 2016... Is the dilution insignificant?
The operating records and the management's attitude towards shareholders totally turn me off.
PGC Price at posting:
81.5¢ Sentiment: None Disclosure: Not Held
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