Not sure how you can take that report seriously... This report...

Not sure how you can take that report seriously...

This report was wildly optimistic (almost ridiculous) even when the company was in stronger position (more assets) and POO was much higher. @ the $0.19 prediction (2,478.08m shares @ 0.19 this company would have been work around $470m)

For one they predicted that 2016f the company would have over $80mil in revenue (EBITDA $46mil).. lol last year revenue was just over $2mil with a loss of $44mil.

Gustavson Associates has no credibility in my eyes.. All this report highlights to me even with its ridiculous predictions is that management has no ability in turning assets into sustainable cashflows..

The company has literally taken shareholder money for the last 10 years and squandered it.. Management aren't worth their salaries.

Utter Destruction of Shareholders' Wealth: (Annual report 2015)