I am raging furiously here. This is DISGUSTING!
31st Dec 2015 - $76k profit
31st Dec 2016 - 1,4m loss
Only 10% of revenue growth has been achieved in the last 6 months.
$1.9m+ employee benefit expense
$1.2m admin expense in 6 months
386k "other expense" - what are we spending on??
We're paying so much on staff wages and getting bare minimum in return.
We only have 6m remaining in cash.
We're going to have to raise more money within 18 months to fund this business activity otherwise this is going to the pits.
I can't see the share price ever returning back to 20c in the next 5 years at the very least.
I literally have no hope for this company and it's going to head down towards 5c now.
TNT Price at posting:
10.0¢ Sentiment: Buy Disclosure: Held