Certainly a bizarre pattern forming. Currently undervalued but the business is fudamentally flawed and is unlikely to ever generate a profit. In an ideal world a buyer would purchase the business and split off the assets - might get a decent valuation on that.
It just goes to show former army officers know nothing about running a listed company. Seems the list of contacts they had and the fact that defense has to allocate a massive amount of budget to Australian companies - did absolutely nothing bring in any decent contracts.
Suppose they should go back to cleaning guns and polishing boots.
XTE Price at posting:
0.0¢ Sentiment: None Disclosure: Held
