Forecast on earnings guidance
Net made a loss to the six months of $3.5m to Dec 2018
Net has cumulative losses to date of $49m. YES $49m
Its Liabilities are $5.6m more than their assets.
Their own Half year accounts cast doubt over it operation as a going concern. Only saved by $29m of funding.
The funding is a great announcement if they don't blow this like they have blown the last $49m and achieved virtually nothing.
There is only one challenge for Netlinkz. Produce sales. That's it.
No one believes their announcements. The market does not believe any of their hype. That's why the share price does not move on announcements. The CEO and its management have so far done nothing but spend funds, secure deals that sound good but have delivered nothing.
Many of the writing off of debts for shares at below market share purchases to detriment of existing shareholders is a concern but necessary.
Forecast earnings for shareholders would be helpful and is necessary but this company has never done this. They prefer to hide behind hype.
I thought the CEO did state he would release monthly sales figures to assist shareholders but have seen nothing.
The sales over the next 12 months will determine this companies fate.
Oh yeah it really needs to revalue its IP Country Bob as it has no assets and is actually in deficit.
I wonder what you value something that has virtually no sales and has won a few awards. I think virtually Nothing unless it can get sales. Its lie its share price. Its only worth something if someone wants to buy it and at this rate it appears it has an unfinished product and continues to just refine product without achieving much in sales anywhere.
I am a holder and very hopeful of sales but am disgusted how shareholders get treated by the NET management.
Yes Brett I know - stay positive and take my tablets