Quite a peculiar comment, and there seems to be a bit of an attitude problem. The CEO has completely failed in growing shareholder value since the IPO, as written above—meaning 20% of the investment is left, along with massive dilutions from new share issues. At the IPO, positive cash flow was promised for 2025, and now they are already a year behind. Now it’s being promised for next year. The company’s sales were 750 kEUR in H1. The local K-market’s sales are multiple times that and it actually makes a profit. Management salaries and bonuses are about 3 million a year. The wrong people are definitely wagging the dog here. Then there’s the question of where the institutional investors are, and it’s a long road to rebuild trust. That could be fixed by changing the management rather than hiring new people.
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