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Yes the sad truth is that Roger is right. It is actually more like a lifestyle company…that generates no income and is dependent only on handout grants, death spiral finance drawdowns or placings. There are no sales, nor are there any signs of their sales people selling anything…but they still get rewarded with salaries for achieving nothing. God help the sp when they go looking for funds again!
I have to agree with roger65 that the stroke test will take years, just like AIHL.
Unless there are drastic cuts taken , there will be serious financial trouble ahead…with no sales in sight.
How much are they paying their sales team I wonder…that’s if you could even call them “sales” people! They would be better getting rid of them and saving all the money wasted on their salaries. But will the new ceo do this, or just carry on the same as Dudd!
Well it’s here now. I did tell raffs60 before but I got only abuse.
The financial situation here will get dire and without any sales in sight this has more to drop. Suggest they get rid of their useless sales team first to save on their salaries!
With no sight of any sales for ages, this is really at the mercy of RF.…but death spiral finance companies like this are not renowned for showing any mercy. It could have been a great little company except they had a Dudd running it…or more like ruining it!
Raffs60 doesn’t realise this is going back under 10p soon! There are no sales in sight, Dudd has left them with the death spiral finance, and now RF appear to be stopping any more drawdowns. And even the little bounce with the new ceo has gone. They took far too late to get rid of Dudd, unfortunately the damage has been done imo