Originally Posted by
simla
I have decided to change my role after the next AGM in about 7 weeks.
I feel I have made a pretty fair contribution to keeping this group together since the preference issue three years ago. I have posted numerous links to information on the net, argued through the logic of many situations, posted digests of long company reports, and attempted to engender conversation in confusing times such as the present. And tried to keep the tone civil and positive, of course. All of which has been a considerable amount of work.
I have decided I have done enough however and the group will morph into whatever it does when I stop doing that.
In that time, the company has changed very considerably. The market development work has continued to make great strides year after year. Roadblocks have appeared in front of the company in a number of ways, but the company has found ways through all of those with the exception of Europe which it is currently working on.
But the revenue has certainly come and gone over time. Chiefly, as I explained recently, I see the last two years as being heavily reliant on one US product available nationwide which has apparently not produced a strong reliable income for us due to quite random circumstances. In addition, the global distributor was changed, with obvious effect on the revenue last year. Both of these seem to explain last year's revenue. More recently the share price has been put through the mill, just for those who feel there is not enough challenge in this share at present.
After the AGM, the company will most likely be in one of two positions. Most likely it will have raised the necessary cash and will have pretty good prospects in front of it in my opinion, due to having acquired useful and stable business partners now, combined with large markets still opening before it. Or it won't, and the company will be busy deciding what to do next. For that to happen however requires there to be no interest from new investors via Murray & Co, for the current large shareholders to decline to put up cash, and for the remainder of the shareholders to not put up cash also. For all three of those to happen seems to me to be somewhat unlikely, which is why I see success as the likely outcome. We'll see. The state of the world's economy is obviously relevant too.
I have enjoyed doing all this work, but I feel I have done enough now and the reward for my effort is dwindling. No doubt I will still make occasional posts, but I will no longer be a persistent researcher. Given the two possible outcomes after the AGM and the funding, the company's future should be quite different to the last three years either way and I feel this is an appropriate time for a change in the tone of the group too. Thank you for your kindness to me over the years. I have very much appreciated it.