So the annual report records DOUBLE the Loss of the interim financial report, due to the bad returns on Cohort, which they paid an astronomical amount for, and which they never needed, and which has subsequently practically collapsed, like all the pundits and analysts and shareholders told them, but their arrogance and ego and lack of any business good-sense wouldn't allow them to listen.
And now they say the next year is one of steady as she goes, no acquisitions, nothing but trying to survive, so read that as no growth.
They can't even make use of the Booming programmatic advertising market in the USA, when they have a programmatic advertising unit that is apparently sinking - pure incompetence.
Recent article by Google and others show the programmatic advertising market is booming and growing, while these guys shrink - pathetic.
I even had to tell them about the Sydney company BronTech and how they should be investing in them, or buying them, instead of Cohort, and I live in Perth, and when BronTech is their next door neighbour in Sydney. Hopeless they are. Almost as bad as this new Hot Copper site.
I even sent the previous management all the presentations and information on BronTech. But did I get any reply, or any recognition, or even a thank-you, no, I got nothing from these blue bloods and self appointed aristocrats. They are failures, with no respect for anyone who even helps them.
This is the worst investment of my life. I can forgive failure, and accept losses, but I cannot forgive the complete contempt and arrogance and stupidity they treat retail shareholders with. They are a disgrace to the ASX and should not be permitted to list, it's just another injustice in this system.
They deserve nothing, and are a disgrace to retail shareholders, an abomination of a company with no growth for years to come, if ever.
How can they release an interim annual financial report with a $13 million loss, and then a couple of weeks later double that to a $26 million dollar loss ?
Abominable and shocking and horrible and detestable and pathetic.
Gw
