Cash Flow positive and still paying Bills with Shares....wait what?
Whatever Scott used to do isn't working at this moment
IMO Comparing SEEK to other companies with similar structures like S*RI is useless. Why, because those other companies trounce SEEK when it comes to Revenue. Do those other companies have to dilute a Billion shares in less than a year to pay bills? Or are they able to use Revenue
If SEEK is so Profitable why didn't Scott lower the A/S?
If Scott has thousands upon thousands of sites with Ads...why on earth did he need to borrow a measly $5 Million dollars. Couldn't this money have come from the Directory.com?
With the TV ads and Primetime why hasn't Scott bought back a few hundred million shares already?
And this is probably why the Market has priced this ticker under .0020.
My trading history tells me that MANY companies do a R/S......profitable or not. Profitability has ZERO to do with a R/S taking place in any stock. It is a business tool used to clean up an out of balance share structure for the most part but can ALSO be used as an up listing requirement.
Without seeing the CURRENT QUARTERLY RESULTS, no shareholder or investor can make the determination that SEEK is cash flow positive! Basing statements on PAST PERFORMANCE does NOT guarantee any shareholders of CURRENT RESULTS!
Using OLD NUMBERS to try and sell shares never works and in lieu of the current PPS, I would say we WAIT for the current results before making RASH statements!
If what you say is valid then the call center(s) are up, running and doing business, the TV/Radio/Internet Ad campaign(s) is alive, well and generating hits and business every day.
Cash should be rolling in the front door and Scott's ability to " buy back " more shares of stock more frequently should also be in the foreseeable future.
So far this quarter we know NOTHING as to any of that being FACTUAL and until we hear differently, the PROOF lies with Scott!
My trading history tells me that MANY companies do a R/S......profitable or not. Profitability has ZERO to do with a R/S taking place in any stock. It is a business tool used to clean up an out of balance share structure for the most part.
Without seeing the CURRENT QUARTERLY RESULTS, no shareholder or investor can make the determination that SEEK is cash flow positive! Basing statements on PAST PERFORMANCE does NOT guarantee any shareholders of CURRENT RESULTS!
Using OLD NUMBERS to try and sell shares never works and in lieu of the current PPS, I would say we WAIT for the current results before making RASH statements!
If what you say is valid then the call center(s) are up, running and doing business, the TV/Radio/Internet Ad campaign(s) is alive, well and generating hits and business every day.
Cash should be rolling in the front door and Scott's ability to " buy back " more shares of stock more frequently should also be in the foreseeable future.
So far, we know NOTHING as to any of that being FACTUAL and until we hear differently, the PROOF lies with Scott!