SCT 0.00% 0.8¢ scout security limited

lol Capital destruction continues Pivot clearly fading as...

  1. 13,021 Posts.
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    lol

    Capital destruction continues

    Pivot clearly fading as predicted despite all the orders and clients lining up

    business model remains Awwwwwwwwesome for those on salaries, no so good for people putting in the cash - nothing new

    So 454 K customer receipts after the big pivot last six months!

    Cost to manage this , admin and salaries 826K last 6 months

    more loss from operations.......

    business model is flawed except if your getting the capital in the form of salaries

    customer receipts up on qtr , but expenses to manage that increase was roughly same amount.....

    I wonder if they will beat robo, , they shared the same spaces at the roadshows - they pivoted, raised capital a few times , pivoted and then sold and accumulated almost 30 millllllion dollars worth of losses ...........

    Bound to be another spike as some insider spends some of their nice salary buying a few shares if history is a guide, like others, some may use the spike a chance to get a bit more and exit......time will tell

    lets see how much they lose this year,,,,,,,
 
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