Viper. I would have to agree with you on this. Management have been appalling at getting the message out. I have banged on about the lack of commentary from management. Most companies that report to the ASX accompany the results with a barrage of comments, outlook etc.
The market is rightly concerned about the results - the only comment is from the MD is that things are fine? Prove it with a comprehensive commentary of what's happened during the year under review and the outlook.!! It looks as if management is yet to realise that they are a listed company with real people as shareholders and need to be kept informed.
Until Kris and co does this the market is rightly sceptical! Net working cap deficit not a good look. Payables of 30m a concern.
E88 Price at posting:
15.0¢ Sentiment: Hold Disclosure: Held