RE: No profit in 5 years ...1 Oct 2025 09:01
I want to be optimistic, give them the benefit of the doubt and just accept that they are behind schedule, being negative doesn't help us, but equally I can't pretend I think everything is ok here. They seem to be masters at keeping their activities secret, most RNSs contain no encouraging news at all, and are just froth and bubble. One of the biggest issues for me is that they aren't actually building this platform that is eagerly awaited, so what are they doing ? If we read their statements they tell us they have just got enough money for another few months, they have renegotiated warrants, they have appointed new leaders who have been totally silent and show no signs of the work they are doing improving the situation.
Most importantly for me is the RNS that pops up every few months saying that they have turnover the size of the local milkman but have managed spend an arm and a leg administering it. What exactly are they doing ? Who are their clients ? Why don't they announce any other deals ?