iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-13

Gwaihir, I think we are all overreacting on one hand on the other we have a right to be frustrated with management. Maybe the plan will work over a reasonable timeframe and we will begin to see some profits or at least close to break even. They should admit defeat now and go back to the drawing board. We have a large customer base and a viable bunch of usefull websites. Lets turn this into seven of the tighest run websites targeting 5% to 10% revenue growth per year with dividends by 2016.

Adondon the Cowboy plan to grow at silly speeds this is not the type of business to do this with, this is a frugle, tight ass industry with customers looking for convienience and super deals to make them feel clever for shopping smart. This is not Carsles.com or REA group and never will be. This is not amazon or ebay and never will be.

This is a great opportunity to reach for the stars and run a tight ship with little wage growth, no bonuses, no junket holidays or expensive coffee machines and PERSONAL ASSISTANTS! Kris if you have a PA or anyone else at IBUY sack them and do your own hard slog. No corporate boxes at sporting events, No expensive wine at board meetings, CUT THE CRAP NOW!
Beecrazy.hk
Deal.com.sg
Mydeal.com.my
Dealmates.com
LivingSocial.co.id
LivingSocial.com/my
Ensogo.com Ensogo.com.ph

This business will fail if revenue of a billion dollars is the target, abandon that rush of blood to the head idea now! If all goes well from here it will take 15 to 20 years to reach that target, do not try to achieve this in 5 years or we are all poorer.

There is plenty of hope. Lets be the best little, tightest run internet business on the ASX, now thats ambition