How do you suggest the CEO can be made to step down as it...

First 10 Last

Share
Profile

Follow
MajorJohnny

5,095 Posts.

106

25/08/18

07:29

Post #: 35173613
Share

Originally posted by soud ↑

This financial report is very disappointing. There has been no respect on cash and cash management has been very poor as I had indicated several times before. We should have had more cash end of this year than last year but we are some 2 million less than last year. Salaries cost are more than half of the total revenue. If you add travelling and other expenses, one is talking of some 80 percent of the total revenue.
Other expenses is a whopping 25% of the total revenue and yet not a single statement written on what these expenses are. It is a financially re-engineerd report to look good but it stinks. For company that is struggling to preserve its cash, I cannot see any effort to reduce costs at all.

In short there is nothing to cheer about on this report.

The company is heading towards bankruptcy. There is no cash left and I am not sure if the planned financing may even take place as the share price, as I had predicted, is below 38 cents.

Still we are defending the management.

Very sad indeed.

Expand

How do you suggest the CEO can be made to step down as it obvious she is in this for herself , she has continued to buy at market probably for job security . She has never delivered for investors yet she is still CEO after 12 years ??? How and why has she been given so much time ? What can be done soud ?

Last edited by MajorJohnny: 25/08/18

CDY Price at posting: 37.5¢ Sentiment: Hold Disclosure: Held
5 Upvote

0 Great analysis

Reply

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

WC8

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MIN

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

ACW

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

There are more pages in this discussion • 131 more messages in this thread...

First 10 Last

Add CDY (ASX) to my watchlist

How do you suggest the CEO can be made to step down as it...

Top Stories

History-making uranium sample grades and an imminent drill run. Infini Resources is poised to transform in 2025

Pan Asia rebranding to 'clear confusion' after bagging $35M for Chile projects

MinRes's Ellison knows he screwed up – for that reason, hunt for new Chair to be sped up

Breaking news: New opportunities for investors & companies - HotCopper opens to capital raising!

This biotech stock raised $11M in a risk-off environment. Its Alzheimer's drug could change the game

Featured News