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Due for a Run, page-13

  1. 936 Posts.
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    @BennyTheBall thanks for your response.

    Sadly I don't see the positivity that you see and sadly I also didnt cash some out at $0.82.

    I also held more than 1% but have been diluted down due to my refusal to throw more good money into capital raising whilst we have such a sheet management team in place who have failed to deliver on every objective the board has set for the last 2 year's.

    I think that if the board persists with Brent Barnes we will be lucky to get 1 more sale this Calendar year and the shareprice will drop below 10c as the market further realises that not only do we have a CEO who has failed to deliver on all objectives but we have a board who has failed to address this.

    A NPAT of $30m is literally now a pipe dream...I would guess with a unit price presently sitting at $300k it will take the best part of at least 5 years and maybe 10 years with BB running the shop to sell 100 units and have a revenue number even close to $30m which might mean NPAT of around $10m....hence why we are down at $0.11 cps.

    Had we had a CEO that actually had delivered on every target set which would mean sales had been achieved in a timely fashion we would be 2 years progressed into that 5 year target...alas we are 2 months into it.....we have lost 22months due to a failure of the management team to achieve the agreed board targets.....in any other industry or business they would have all been fired by now.

    Several of the board members need to go.....enough is enough.
    Last edited by Smoking: 25/09/18
 
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