Who is the competior??? They should be outlining this. If it’s a major,,, YOW should sheet up shop as they are insane to think they can match the marketing spend.
There are serious disclosure issues with this board as you can’t tell me they didn’t notice the competitor and market decline prior to their 3rd jan announcement. Also - how can they not disclose a 2 year mounting stock adjustment until 12th of January. They would have known about the growing problem for over 18 months and never informed the market of this problem that would have a direct effect on earnings.
I no longer hold YOW due to the continued dismal performance of management.
For those that still hold, you should be calling ASIC as there are serious disclosure issues and shareholders are falling victim to massive value destruction.
YOW Price at posting:
11.5¢ Sentiment: Sell Disclosure: Not Held