RE: Itβs not pretty25 Sep 2025 21:43
Been in this share for a good while with tons of belief. However, things have changed somewhat. It seems there's been several blocks in the road for the company, ever since rejection from the FCA, they have been playing catch up and trying to pivot. The Semnet deal is seemingly down the pan, Wellesley bought in and was brought on board, and then sold a chunk of his holding! That says a lot to me. Malcolm Groat listed on the company website, does not even mention GST on his own LinkedIn profile. Yet he's been involved since the beginning. Why would he downplay his involvement with the company? Read into that as much or as little as you like.
Raising cash and then buying bitcoin is ridiculous to me. Bake has some terrible reviews and has been heavily criticised online for essentially scamming users. They will need to overhaul it to regain credibility and volume going through the site. Shayne is currently trying to recruit a CEO for bake on LinkedIn... Just seems very amateurish.
After reading their annual report, it seems to me the SP is likely a fair reflection of the value of the company. They really need to get into gear and produce some serious headway.
Yes, revenue has grown, which is the biggest positive out of everything. But you cannot deny - if this was such a golden egg, why are none of the BODs buying shares at this price?