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humble69

2,260 Posts.

10

03/11/17

15:40

Post #: 28481436
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Originally posted by sergeant ↑

Teddy. You want blood. I get it. I really do. But to be honest, you are going after the wrong people. Until Feb 2017, the company was controlled by one person, with two yes men under him. Disfunctional and laced with self interest, the board's job was to create as much wealth as possible in the shortest time possible for one major shareholder. Since the Feb resignation, the new management with a more balanced board, are more capable of acting in favour of all shareholders IMO.
BTW at an average loss of $1.3 mill per quarter for the last 5 quarters, it would take the current management 5 years to run out of money. I'm not too concerned about cash right now (!), but I AM excited about the 55% growth in revenue this year being forecast. If thats right, this current quarter will have to be in the US$7 mill bracket to make $30 mill for the full year.

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With projected outflows of about $6.5, we should be cashflow positive this qtr which is a nice change.

YOW Price at posting: 17.5¢ Sentiment: Buy Disclosure: Held
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