Sergeant - I think you a quite right.
We need to distinguish the business from the corporate stuff.
But the two issues do affect each other.
I think the business will rebound. We simply must let the new Board and the new M/D get on with the job.
They have new directors with retail and commercial experience, and they are looking for a new online type retailer director as I understand it.
I think Mark will be quite a different manager form what we had before.
I think we will see cash flow break even sooner rather than later.
My understanding is that Walmart are very much still supporting the Yowie product.
They (Walmart) have a new product manager who is keen on the product.
As you say, the new s/h (HHY) are putting up hurt money - but its at the cheapest price ever. So their downside is pretty limited.
One can also say that the s/h who sold, was so peeved, that they just dumped their shares at bottom of mkt. Not a good look.
It's all the other sheet which has me worried.
Also, you can guarantee that this new s/h mob will find common ground with the people behind the recent S249D. Thats a dead set cert imho.
I have absolutely no doubt that HHY will continue to accumulate until their funds run out, or they reach the T/O threshold of 19.99%. HHY do not have the funds to launch a t/o imho.
I am thinking that we need to ensure that the agenda of a few bigger shareholders is not at odds with the views and agendas of us smaller shareholders.
And that often difficult unless small s/h make their views known to the Board at the appropriate times.
There will be a lot more to play out here in 2018.
cheers
YOW Price at posting:
14.5¢ Sentiment: None Disclosure: Held
(20min delay)
