CIO 0.00% 1.8¢ connected io limited

Unsustainable. Now they're going to get paid in shares as well....

ANNOUNCEMENT SPONSORED BY PLUS500
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM
CFD Service. Your Capital is at risk
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
ANNOUNCEMENT SPONSORED BY PLUS500
CFD TRADING PLATFORM CFD Service. Your Capital is at risk
  1. 1,976 Posts.
    lightbulb Created with Sketch. 364
    Unsustainable. Now they're going to get paid in shares as well. At their current salaries that's quite a lot of shares. Some big changes required for this company to survive.

    Inventory levels are at record highs and sales are growing very slowly. Increasing by only 3% in the last quarter while inventory increased by 50%. Even the outlay of cash from this CR is predominantly going towards producing more inventory. Seems to me the focus should be on selling.
 
watchlist Created with Sketch. Add CIO (ASX) to my watchlist
arrow-down-2 Created with Sketch. arrow-down-2 Created with Sketch.