I have shares in 3 coys in similar situation.
all 3 are Aust coys
all 3 operate mainly in US
all 3 have a new product to market
YOW has cash, the other 2 don't have much cash
all 3 are striving to attain meaningful sales
all 3 are trying to attain cash flow B/E, thence profits
I think all 3 have Board representation type issues
all 3 are trying to attract Instos to register.
YOW has succeeded in two top Instos
Point is, its all part of growing up for a young Aust coy in US. if the product is viable, and business plan is viable, and mgt is OK, then we just need to be patient.
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