With the reshuffling of company ex announced yesterday what can this mean for a rarely traded company , is there any hope for it or is it a repositioning of the deck chairs on the T..... ?
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With the reshuffling of company ex announced yesterday what can this mean for a rarely traded company , is there any hope for it or is it a repositioning of the deck chairs on the T..... ?
Lightly traded an understatement....once last year and twice the year before.
Market cap of $1m.
I just found it interesting the resignation was 5th of December but only just announced via USX.
Note 26 page 46 of their last annual ;
"Material uncertainty related to going concern."
This with their auditor's "Material uncertainty exists that may cast significant doubt as the company's ability to continue as a going concern."
Think you would have to be brave to become a director or shareholder in this company.
It has been a struggle since 1996.
Yes that could be interesting.
Following the jailing of the previous CEO in 2021 on matters unrelated to the business, and a director having to step in at short notice to cover the role, it is little wonder the company drifted a bit.
I do wonder whether they are overstaffed on the sales side, but they have a good product and seem to be making progress in USA their current key market.
Admin - There is already a thread for this company so you may wish to amalgamate them.