Tech is not crap, it’s management that have dropped the ball for not being transparent and accurate on timelines.
Management spouted the 2021 commercial transaction and/or megabit chip.
Management again mentioned no delay to timelines and on budget. This was another breach, especially with now that they are developing and optimising a new mask template.
No mask template means no wafer. It’s pretty much like they are starting again from scratch. Why did it take them 4 years to find out that the mask template they were using is partially faulty???
It may explain why Desu was told to pack up his tool box but then again it cannot only be him that dropped the ball.
Management have a lot of explaining to do and need to understand that the ASX do not give second chances.
Management cannot expect to use irresponsible language in their announcements without the market reacting negatively. I for one don’t believe management to be that stupid and tactically orchestrated the downgrade. The last announcement just had to many terms that were totally unnecessary and only had one direction for the share price.
Management committed a major disservice to long term holders. The questions compiled need to be answered.
Market did not punish the technology, they punished managements misconduct and disservice to loyal shareholders.
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