SeaDragon

[podg]

Three shareholders saw Warren Buffett and they were each allowed to ask one question each.

Shareholder 1 asked Buffett when Veritas Investment will come right. Buffett said 50 years. Shareholder 1 cried as that means he will not get to see a return on his investment.

Shareholder 2 asked Buffett when Plexure will come right. Buffett said 100 years. Shareholder 2 cried as his son and he will not get to see a return on his investment.

Shareholder 3 asked Buffett when SeaDragon will come right.


















Buffett cried.

oh, balance, trying comedy are we?? well, given that you're a clown ... you're already half way there. something to build on.

[dobby41]

I'm fine. but then, I wasn't predicting the end of seadragon, like some knobs did last year, so I don't have to feel like a complete twat. advice from you? I've had enough bull pucky thanks.

Correct, Seadragon still lives - but why?
Anything can keep living if you keep pouring money into the abyss.

[podg]

Correct, Seadragon still lives - but why?
Anything can keep living if you keep pouring money into the abyss.

exactly how much money is being 'poured' in dobby?

[dobby41]

exactly how much money is being 'poured' in dobby?

$4mil this last year.

[Sideshow Bob]

I just wonder why you are so keen on supporting this dag PODG? Do you work for them as the only company you seem to post about?? Or do you own a good chunk of the 4 billion-odd shares on issue??

In the last 4 years they have turned over $18.6m, and lost $14.6m. They haven't delivered on their plan - but still make the same old comments, statements. 2017 their sales decreased, and their loss got bigger. They just signaled another solid loss - albeit their 'normalised' EBIT is forecast to be about 10% better than last year - ie they are only going to lose perhaps $4.1 to $4.4m (their financial year finished over a month ago so they should have a fairly good idea of how much they lost).

And they trade at $0.005 per share.

[Sideshow Bob]

exactly how much money is being 'poured' in dobby?

$21.2m from investors total for YE 31/3/2016 and 31/3/2017.

[Balance]

$4mil this last year.

Capital raisings (or rather life support) :

$13.9m in 2016
$12.5m in 2015
$6.6m in 2014
$2.9m in 2013

The capital raisings in 2016 were supposed to meet the company's capital requirements, working capital, fund growth and retire external bank debts!

2018 and it's "Oops - I have done it again!"

https://www.youtube.com/watch?v=CduA...i-ZAn7EVKO6mrr

Back to the shareholders who are sitting on 50% losses from the last 2 rights issue.

[podg]

It's not about supporting .... it's more about giving seadragon, and its staff, a fair crack at a massive task. I neither work for, or have a good chunk of shares in the company. it's just an interesting story. I'm also adverse to those who seem to think they know so much that they can predict the future. I have posted about other companies. it's easy to find fault or knock a tall poppy.

[podg]

goodness .. $4m this past year. not a huge amount really. and this next sum ... ?? anyone want to have a wild stab in the dark ??

[podg]

Capital raisings (or rather life support) :

$13.9m in 2016
$12.5m in 2015
$6.6m in 2014
$2.9m in 2013

The capital raisings in 2016 were supposed to meet the company's capital requirements, working capital, fund growth and retire external bank debts!

2018 and it's "Oops - I have done it again!"

https://www.youtube.com/watch?v=CduA...i-ZAn7EVKO6mrr

Back to the shareholders who are sitting on 50% losses from the last 2 rights issue.

odd, but if someone had asked me which artist Balance would be able to quote, I would have said Brittany Spears ....