oh, balance, trying comedy are we?? well, given that you're a clown ... you're already half way there. something to build on.
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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.
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.
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.
goodness .. $4m this past year. not a huge amount really. and this next sum ... ?? anyone want to have a wild stab in the dark ??