I think that management is moving too quickly. They should be...

I think that management is moving too quickly. They should be consolidating and working out how to make a profit from what they do, as the losses just keep getting larger. They should turn a profit to show us all that they can make money before they venture out into uncharted waters. turning a profit was a reality from this capital raisin
There are capital raisings left right and centre and suddenly we have some 466mm shares on issue. That means a 10mm NPAT will equate to .021 earnings per share ???? That's a long way from substantiating the current share price ?? A 50mm NPAT equates to .10.5cents earnings per share. That's about what it should be on NEA shares valued at $2.00 in a sensible market. Can anyone see NEA generating 50mm in NPAT any time soon ??
I have been a holder from day one so I know this company well. Things have obviously changed considerably. One of the main things I see is that spending has become very aggressive and now they get another 70mm in their pocket ??? Their strategy appears to be to just spend the money to generate more volume instead of generating profits.
The break even for next year is now out the door and we will see an ever larger loss due to further expansion. Heaven help us if they report an even larger loss than expected.
Just my thoughts.