It was a good presentation, although still doesn't give much idea about what they could actually earn from Adslot.
I have made some money trading WFM a couple of times before, but sitting on the sidelines and watching this at the moment. Two reasons why I am on the sidelines, firstly Europe as this won't be a safe place for your cash if it all falls apart and WFM previous failed attempts at getting a profitable business segment up and running (adfeedengine? web division)
The key dot point for me was, emphasis added mine...
We expect our costs to increase and continued losses in FY2012 as we continue our rapid roll-out in to other geographic and vertical markets, but anticipate steadily growing revenues during the same period
personally, I will wait to see how Europe plays out before dipping the toe back in here.
WFM Price at posting:
7.5¢ Sentiment: Hold Disclosure: Not Held
