Time for board to act, page-3

Hi Verce

Unfortunately, I think the market has lost faith, and regaining faith will be a significant challenge - unless and until there are significant changes.

The board has to enunciate a clear strategy for increasing sales and reducing costs.

If they signed off on the cap raising presentation that referred to a pipeline of c.+20m of sales why not give 12 month guidance? This is one way to hold management to account.

Why not consider licensing the technology to a partner in the US and or Europe/ UK and taking a royalty?

The 'arms race' for technology related products is never ending, the competitive advantage Viv has (if it has one??) will not last forever, so its imperative its products are deployed asap!

The costs have to be reigned in and right sized for a micro cap.
The rate of cash burn is quite frankly scary!
What is the boards plan for getting to cash flow break even?

If I were you I would be voting no to the remuneration report, unfortunately that is the only thing that a board will pay attention to.
It would not surprise if there are many disgruntled shareholders who are in at higher prices who would share these sentiments. I think a No vote has a high chance of success.

All the best