I think the way the market has gone you will never know with certainty what apps will be winners or not.
I read through the blogs and the message I took is these guys are trying hard but are really lost in the woods. They have no traction. Only positive is a strong balance sheet which should support a decent dividend whilst you wait to get out of the bog.
I originally jumped in knowing they were battling but hoping for a turn around. Half yearly earnings of 3 cents per share was encouraging to, although it has been all down hill from there. The additional directors purchases also still mystify me as it doesnt make sense to be buying at the prices they did with no clearly defined income upside.
I think anyone new to the company would want to have a good hard look at the December half yearly to see if they have made any progress. We already know the June results will be a mess.
Anyways good luck. I hope for holders that one or more of their new initiatives sticks.
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