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481 Posts.
46
02/03/18
14:54
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If Domenic hadn't paid the 3 million euro of the debt position, the stock would have a 6 in front of it.
The subscription business continues to decline or "face head winds."
Second half earnings for 2018 in line with first half!
I wonder if the sophisticated investor that Domenic off loaded to in October still holds?
I'd really like to know?
Here are my suggestions to turn this company around.
Pay down the debt asap..!
Start cutting back on costs and expenses..
Domenic needs to look at cutting salaries including his own.
He is paying himself close to $1 million aud per annum. The company would be making a profit if he cut that salary in half.
Seriously, does that seem like fair remuneration when earnings are declining and cash flow is stagnant?
Start buying back the stock. Show the market the company has confidence its going to succeed.
All this would support the share price.
Unfortunately, I don't think Domenic is interested in share holders, only himself.
This is starting to look like a one man band gig.
A market cap of $17 million with $3 - 4 million in cash flow.
Something does not add up and I think its the market saying it does not trust Domenic, nor have any faith in him going forward.
I'd imagine, if the S/I is still holding the 5.5 million they bought from Domenic in October, they can't be happy.
Anyone, any thoughts..?
Lute
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