Arria Nlg Ords Share Discussion Threads

[willowgrouse] 24/8/2023 16:28

I was really surprised that shareholder action didn't get passed. Rest of the shareholders given up? The lack of any updates is appalling, obviously no good news.

[rackersthedon] 24/8/2023 12:02

tumbleweed.....

[windhill] 11/8/2023 00:35

That cheque from Malaysia still in the mail?

[d_quixote1979] 02/8/2023 18:27

Sadly, the Glassdoor reviews are not fake. The company has had an attrition of nearly 13 employees per month in the past year. From what I've heard, those who have stayed did so because they believe the technology is good, and see a potential for success in the future.

I have been told, and shown proof of this by a friend (one of the few remaining Arria faithfuls). I am advocating on their behalf. I believe the situation is more dire than most in this thread realize. Staff has been given the promise of funding by the CEO via email dozens of times—each update associated with a wire date for the Malaysian funding. The date comes and goes and a new excuse is regurgitated as to why the wire transfer did not occur.

[willowgrouse] 02/8/2023 13:44

So the Malaysian investment hasn't happened? Geez.. probably heard about a few thousand call centre employees being the 'AI' behind Domino's.

[psychochopper] 02/8/2023 13:31

Not just SaaS, alas … he was bigging up his holding of VLS a while back. Another one crashed and burned.

Just another little fool trying his luck in the small/micro caps and getting hammered. You see it all the time.

[kidknocked] 01/8/2023 16:48

Rackers - rental property is the place to be, so I am enjoying retirement.

[kidknocked] 01/8/2023 16:47

Hilarious Rackers. Do you think this is my only investment ? Not even 5 percent of my portfolio. Try again goon.

[kidknocked] 01/8/2023 13:48

therealherculepoirot - if people don't like working for the company then just leave, better off without them.

[therealherculepoirot] 31/7/2023 20:50

The Glassdoor reviews are not fake. The only one that was fake was allegedly posted by an executive touting positive work-life balance and leadership. The current posts are the reality of Arria's situation. Also, most recent post was from June....so not that old.

[psychochopper] 31/7/2023 13:33

Whether insider or outsider, it bothers me not at all. It’s simply the fact that you are desperately stupid.

[kidknocked] 31/7/2023 13:27

Windhill - 21 Oct 2022 - 03:09:23 - 8432 of 8666 Arria - NLG
Rumor on the street that Arria is out of cash, payroll under threat.

Your usual nonsense about payroll and cash blah blah blah.

I am not an insider, you know that, stop being a prat.

[psychochopper] 30/7/2023 17:47

But they are about to make oodles, suddenly, on AI. Kiddie says so.

Apparently, they are where the future is, so there can be no argument that they are all good. I imagine they have been so busy in these sorts of things that getting the bond away and another investment has slipped their minds. If the employees can be a little more patient about their pay as well, and not rock the boat.

[windhill] 30/7/2023 06:33

Did the Bond close? Did the Malaysian HNW patsy up the tens of millions Sharon Daniels promised in June? How much cash on hand have they got? Did Arria make a full payroll run in July? C'mon Kiddles - you're an insider, what's going on?

[kidknocked] 28/7/2023 18:16

No, the timing here is just about perfect. AI is THE investment of now. Still happy and very comfortable thanks.

[aja5] 28/7/2023 15:49

How many years kiddie ??
You fool…

[kidknocked] 28/7/2023 14:48

My comment is this is all old news and the Glassdoor review is from one fale account. Move on

[therealherculepoirot] 27/7/2023 15:51

These employee reviews on Glassdoor are telling.

hxxps://www.glassdoor.co.nz/Reviews/Arria-NLG-Reviews-E764292.htm

Current Employee
Severe Ongoing Payment Issues
20 Jun 2023 - Prefer To Remain Anonymous in Toronto, ON
Recommend
CEO Approval
Business Outlook
Pros

Remote work. Schedule can be flexible. Some of the people here are wonderful to work with!

Cons

Never ending late pay issues since around August/Sept of last year. In the past 2-3 months we seem to always be 2-3 paycheques behind. Almost 4 at this point. Constant broken promises by the CEO and leadership in terms of when this is going to be resolved. Poor communication from the execs in terms of the resolution of this issue.

Advice to Management

This company needs some major changes on the executive level. Pay your employees and do what it takes to earn back their trust.

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1.0
★★★;★★
Former Employee, more than 1 year
Not paying staff on time. Pensions are not being paid.
19 Dec 2022 - Software Engineer in Aberdeen, Scotland

Pros

There were some skilled engineers at the company.

Cons

I am writing this in the hope that others will not have to go through the same hugely stressful and trying experience. During my time at the company there were three occasions when we were not paid. On the first occasion the delay was 15 days on the second and third occasions it was a whole month overdue. This obviously caused all kinds of havoc for people’s personal lives and is completely unacceptable. Those in positions of authority failed to respond adequately to the crisis. We were repeatedly told we would receive wages by date X only for X to pass and a new date to be proposed, only for that to be missed and so on. The CTO would hold lots of meetings but would not be able to tell us anything concrete because he too seemed to be in the dark. Throughout the crises there was a striking lack of urgency and no real appreciation of the fact that the company was in breach of contract. They attempted to make a gesture of apology by promising everyone a 10% bonus but ironically they were unable to pay this either, at least during the time I was there. It should also be noted that at the time of writing Arria has not paid pension contributions since June 2022. I am still waiting for them to pay my pension contributions into the plan. In my experience, Arria pays significantly less than the market rate for software engineers.

[windhill] 21/7/2023 11:50

Arria has consistently over-promised and under delivered on its forecast financial performance.  We refer you to the forecast financial information issued by the company to date:On or about 16 February 2021, the company provided "revenue target range" information for each 30 September FY as follows:FY ending 30 September 2022: range of USD 32 million to USD 77 million;FY ending 30 September 2023: range of USD 77 million to USD 150 million.[1] Actual revenue for FY ending 30 September 2022: USD 17.79m;Forecast revenue for FY ending 30 September 2023: USD 30.22 million.8 None of the forecasts has been achieved and forecast revenue for FY ending 30 September 2023 was reduced from USD220 million on 29 July 2020 to USD 30.22 million on 5 May 2023.The Board and CEO must take responsibility for this record of persistent under-achievement. [1] . Important Arria NLG Update Document dated 16 February 2021.