BOD....It's time to face reality7 Mar 2022 13:55
In order to get things turn around the BOD must acknowledge the situation that more money is going out, than coming in....
The product can be good even great, but all burden costs in operations and excessive costs in administration and management must be cut. This until sales retake growth path.
2 Ceo's can remain if their wages are reduced considerably and only a bonus that deliver an equal pay if things turn out well is reasonable; if not one of them should resign due to poor results.
I still believe Loopup is a great product with potential, but they must find a way to enlarge the customer base soon with much extra investments.
I hope they don't sleep well and look relentlessly to get things back on track because no much more time left before they will be a penny share company... GLA