Having been a investor for 3 years, a lot has happened
Some of the events I recall are Purchased Webfirm / Searchworld Changed name from Ansearch to Webfirm Purchased Human Traffic Purchased Adslot Re-structured management New directors, with a wealth of IP Knowledge in the web-space Replaced CEO with Robert (sorry forget his name) Replaced CEO with David Burden
So what has happened with the share price? Halved
Made a profit? no, still burning money
I am assuming that the business we have bought were profitable...if not why did we buy them?
It has to be time for the current management team to leave and turn this business around
WFM Price at posting:
16.0¢ Sentiment: Sell Disclosure: Held