-
Share
31/07/15
09:58
Share
Just really disappointing to be honest.
Gave these guys a huge allowance over time but unfortunately pulled the pin yesterday.
The cash burn rate again is unsustainable.
Also there is just too large a communication vacuum at times and poor visibility of how they are performing.
Per another commentator I see them languishing and getting sold down on average volume.
I may look again sub 10c but I am just super cautious considering their business model may not actually be sustainable.
Selective cherry picking of supporting data in their quarterly didn't give me much confidence. Also lack of verbatim was a concern from Kris.
Would have expected at least a powerpoint preso etc.
It does also appear a very long term proposition now of 1.5 - 2 years before it becomes a real self sustaining proposition.
Until then it is around here to stay IMO.
However stranger things have happened and good luck to anyone if this jumps to 30c. I just dont see it happening.
-