TSXV:OEE.H - Post by User
Comment by
TriumphSpitSixon Sep 17, 2020 8:51pm
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Post# 31579045
RE:blame it on covid
RE:blame it on covidRight. Companies that might have considered Memex OEE software have tightened the belt and are not making such purchases right now, even though a good argument could be made for investing in efficiency while the economy is slow.
Unfortunately, all it takes is a casual glance at multiple quarters' financials prior to covid to see that the company wasn't overrun with business even back then.
kalman007 wrote: While i was happy to see the SP back up to a whopping $0.015, it is pure BS and borders on corporate neglegence to mislead the shareholders to think that Memex's utter lack of sales revenue and overall poor performance has anything to do with covid. but don't take my word for it. go back and look at the graph and general growth under their current executive team for the past 3 years. of course, the current state of industry does not help the company but please make no mistake and insult us by blaming it on covid. their troubles started long before.