RE:Hey Dart did you listen to IZ’s AGM today.No I didn't in my opinion nothing will happen there until they get new management.
Here they where going gang buster at the end of last year, penetration numbers where up, sales numbers where up and they had three beverages in the top ten ( all this was easy to check with all the public info web sites like Headset ). All of a sudden the penetration numbers have tanked, sales have slowed and they have two beverages in the top ten and if you look at the trend lines of both they are trending down fast which makes one think both will move out of the top ten within a couple of weeks. The red flags are really flapping in the breeze now, no updates from management, web site is never updated and the monster one the monthly raid on the company coffers from all the consultant fees they give themselves.
All this at a time when beverages sales are going up substantially. Since they changed the rules a month ago sales of beverages have increased 87%. Will it continue at that rate? No, I think not, my guess would be something like 40% would be reasonable. The best way to understand what this rule change will do is take a three month average. Then another three month average in october to understand what the summer months did.
At the end of the year last year it looked like we might have had a winner on our hands, now it looks like another micro cap bank account for insiders.