Ann: General Meeting Presentation, page-122

I totally agree, @JabraD. The board and management need to be held responsible for this woeful decision-making regarding the acquisition of THM and the way it was communicated to shareholders. There is possibly a case to be made that shareholders were misled about the financials/figures/status of THM - given forecasts (rev and profit) have been totally thrown out the window. It is truly disappointing what has happened here. I'm curious to see what the financials are like in the next quarter, but I am not holding my breath. The board should be taking all actions possible to move this business to profitability and that includes making some very hard decisions on cost outs and dropping their own salaries. I've lost all trust in the management team sadly - I feel like I have had honey poured into my ears along the way. It is really important that the management team don't look for the easy way out and try a capital raise at these levels. Dilution at these levels would be disastrous for long-suffering shareholders. I hope they do the right thing here and make some hard decisions to turn a profit and earn their way out of the sizeable debt position they are in. That's the only way they are going to win back the trust of shareholders.