Thanks all for your posts, especially the renewed confidence. The market liked the move, which says it all.
KUDOS to who-ever (may be multiple) initiated this change.
I think that they had to go otherwise the next EGM / AGM would have been complete chaos, even Mr J.G would have been hard pressed to compliment them. The past guys failed the owners and paid the ultimate penalty.
I hope these new blokes can get things moving and can inform the market accordingly, something missing from the QUAMBIES skill set.
My only big concern is CASH FLOW. According to the last quarter they will burn all the cash this quarter, will we need another cap raising?
What about all these so called 'CASH FLOW POSITIVE' businesses that were bought???
Big questions for new management, I would rather the TRUTH, good back or indifferent, just the truth.
The last chapter of this company was the rise and demise of evil. Now it all comes down to 'the new hope', we just need a skywalker with his trusty light-saber to slash costs or create revenue.
Cheers to all
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