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Ann: 2015 AGM Podcast, page-12

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9

08/12/15

07:10

Post #: 16565581
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Originally posted by BabyTurtles ↑

Yes and no mate. the reality is that at 5.5m market cap with no cash this is an expensive shell. Only two things can solve your issue:

1 - acquisition and consolidation with the new business being a huge success.
2 - Adrian and the team start to kick goals and the price moves on revenue.

Option 2 is obviously best but at 1c we are a 55m market cap company. Would probably need 5m to 10m in revenue per annul at least - with decent EBIT to get even close.

I think its gonna be a hard slog and suspect further capital raisings and from here. Will take years.... Good luck to us all!

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From what you say then is there is only one option because option two will also have consolidation. Then the only difference really is find a new project or stay with what they have.

MOT Price at posting: 0.1¢ Sentiment: Sell Disclosure: Not Held
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