RE:RE:RE:Analyst cutsNope...just do niot have the blinders on with regards to this inexperienced management team that is making this story worse than when they took over. Notice that they spent $1 for every $30 cents in additional EBITDA? Notice the US$ denominated debt soaring? Notice the liquidity risk that is rising? Notice that they only have 1 property that is performing while the rest are speculative? Notice that growth in Spark has stalled for 2 years? Notice that everytime the CEO talks about significant momentum it always dissapoints?
I am a shareholder and am calling out this CEO's BS.
The path to higher returns is through debt reduction and measured cost increases. Right now we are all trapped in this downward spiral created by an inexperienced CEO and CFO. An experiecned team would have increased spend by half of what they did in 2022 and beat expectations on EBITDA. The share price would have risen significantly and allowed for potential capital raise at higher numbers to pay down debt and fund future growth / M&A, etc... This would have solved the liquidity issue in the market and perhaps got more institutional investors to buy into the story. Instead we are all trapped here and paying a huge price. Effing joke!