{"id":502,"date":"2013-02-28T06:11:00","date_gmt":"2013-02-28T06:11:00","guid":{"rendered":"\/?p=502"},"modified":"2013-03-25T19:51:10","modified_gmt":"2013-03-25T19:51:10","slug":"history-repeats-itself-for-groveware-tech-ltd-pinkgrov","status":"publish","type":"post","link":"\/articles\/history-repeats-itself-for-groveware-tech-ltd-pinkgrov\/","title":{"rendered":"History Repeats Itself for GROVEWARE TECH LTD (PINK:GROV)"},"content":{"rendered":"

\"GROV.png\"If we had to give a single piece of advice to GROV<\/a>EWARE TECH LTD (PINK:GROV<\/a>) we would probably send them a video of Elvis Presley’s “A Little Less Conversation”. And we would emphasize on the “a little more action” part. <\/p>\n

GROV<\/a> are in the business of development various software programs that are supposed to make workers’ lives easier. The applications can be used in various ways and GROV<\/a> go public every now and then saying that they have signed the next big contract with governmental agencies, big private companies and the like. It really is a shame that all these deals have not made any impact on their financial statements.<\/p>\n<\/p>\n

Indeed the press-releases would have you believe that GROV<\/a> are a mightily successful company with expanding business relations and tonnes of revenue that, is getting bigger by the minute. When you look through their reports, however, the picture is somewhat different. We have included a recap of their most important financials as stated in the latest 10-Q covering the period before September 30, 2012:<\/p>\n