RE: Latest social media update from CEO3 May 2024 15:32
A long way to go - the BoD has to find the money to pay the outstanding $1.6 million owed to the ex-JV partner? Where’s it coming from - existing sales, majority shareholders, or another raising? The elephant in the room.
Based on the BoD’s misleading statements on LC since we bought it - I can’t even remember the year: it was that long ago - it would be safe to presume that they will conclude absolutely nothing on it, and that it will remain a never-ending project in our portfolio.
Nope - investors broadly buy shares in a company based on its revenues and margins - and in Keras’s case, it’s nigh-on impossible to gauge its financial health; moreover, if it wants opacity on its pricing-structure, then it should go private.
PC, It’s the BoD’s response to our complaints on lack of comms; but, in the style of the BoD’s RNS - I urge the BoD, for the umpteenth time, to publicly the revenue in numbers.
For all RNS’s focus on an increase in sales and tonnage - but, yet again, no cash-flow numbers; why the opacity on revenue? No wonder the share languishes.