Sales aren't the issue here as its a given that they will never amount to anything...... its the issuing of billions of shares which is MOT's main business that is the significant issue here and why shareholders of MOT have seen their investment in MOT absolutely devastated by this horrendous dilution.
A market cap of $5 million with no revenue, no cash , no earnings, no projections, no one can sell as there are no buyers and with its main business being the issuing of shares should be a massive red flag.
No doubt the quarterly report will be released again at 7.30pm on Friday night in the hope that no one reads it
Every 2 years or so MOT morphs into a "new business" with revenue always just around the corner which surprise surprise never eventuates. These "new businesses" are always used as the catalyst for another cap raising.
Check the ASX announcements over the last 5 years. Its a shocker
Ann: Chairman's update to shareholders of Motopia Ltd-MOT.AX, page-10
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