Agree. Unfortunately the management and the board of directors do not give a sheet re shareholders other than getting their salaries.
Lets take the 30 June 1017 accounts:
Net Loss $(39.2)m
Yes that is correct a $39m loss
Net assets are now$7m
Major shareholder sold shares why shareholders were kept in dark re Warro
Monterey was transferred to other interests.
Who are the board working for? Definitely not the shareholders.
Let's hoper we get lucky with Xanadu. Hopefully the BODF do not work out how to screw investors even if Xanadu is positive.
WBE Price at posting:
0.8¢ Sentiment: Hold Disclosure: Held
