Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-13

Honestly, I don’t think it’s all THAT bad. It’s growing. More slowly that we’d expected, but it is developing. I still think at some point that growth is going to accelerate markedly and the bottom line will look much healthier. Just don’t ask me when.
Management is doing ok, and a company in the early stages of trying to grow is going to have some issues to deal with. They will be duly dealt with.
it was only a few months ago we were cheering them from the rafters. We might yet be doing so again after the fourth quarterly. It’s a fickle, immature stock. Folks may be putting too much weight on short term results and missing a much more favourable bigger longer term picture.