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Thread: Connexionz

  1. #1
    Guru
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    Question Connexionz

    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..... ?

  2. #2
    Legend
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    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.

  3. #3
    percy
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    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.

  4. #4
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    Quote Originally Posted by percy View Post
    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.
    Agree but why would new fish heads hold their hands up ! ! ??

  5. #5
    percy
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    Quote Originally Posted by whatsup View Post
    Agree but why would new fish heads hold their hands up ! ! ??
    Been thinking about that.
    Do not know the answer,however I am aware of Warren Buffett's quote;
    "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."

  6. #6
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    Quote Originally Posted by percy View Post
    Been thinking about that.
    Do not know the answer,however I am aware of Warren Buffett's quote;
    "When a management with a reputation for brilliance tackles a business with a reputation for bad economics, it is the reputation of the business that remains intact."
    Pretty profound Percy, could go either way, Connex is a very tightly held company, no shares on offer but if they are heading in another direction that could be interesting.

  7. #7
    percy
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    Yes that could be interesting.

  8. #8
    CROESUS U.T.
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    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.

  9. #9
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    Quote Originally Posted by CROESUS U.T. View Post
    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.
    Couldnt find that before I posted this new heading.

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