wouldn't you like to get shares for 4/5ths their market value i.e.2c It's a bit like mates rates-isnt it. what a pity existing option holders were not given the option to oversubscribe as an incentive,given the options were so under the shareprice at the time.
It stinks,much like the smoke that's been blown about contracts in the last six months,without any fire being seen in the QTRLY results.$2.2m indicates near the same as prior QTR and that is meant to be a poor ordering QTR from memory. So-if we've got all these new contracts adding immediately to cashflow-how about telling us about the ones we've been unable to renew.The contract churn rate would be handy. Did my civic duty and gave blood today.Not a TUTA/MLA bag insight,we must still be tooooo expensive to compete or our cost structure makes it impossible to do so.
I wonder are the directors that keen to keep the cash rolling in to meet their fees they have FORGOTTEN THE INTERESTS of EXISTING SHAREHOLDERS. Can't help but feel i'm only tolerated(as a shareholder) while the company can pay their fees. Feeling like a mushroom-you know the rest=kept in the dark.................................................
DYOR
MLA Price at posting:
23.0¢ Sentiment: None Disclosure: Held