Ann: Investor Webinar, page-255

Disclaimer: I’ve not watched the webinar but basing my commentary on what others here have reported.

1. Surely we’re over the corporate middle management speak by now? “Land and expand”, give me a spell. Maybe more time spent on clear and honest communication and less on burying poor performance under a thicket of buzzwords would be appreciated by the shareholders. The financials seem to suggest “erode and implode”.

2. It cracks me up that AF gets frustrated at constantly being questioned about disappointing revenue results. What does he expect? These are expectations that HE put into the market. When he fails to meet them of course shareholders are going to seek some accountability and look to understand what the next steps to secure the “strategy” (haha) are. IMO he’s gotten off lightly up until this point. Welcome to being a CEO of a listed company - your investors actually expect a return on their investment. Including their investment in you.

3. $1.1m in annual revenue from Capricorn is a diabolical piece of news. This does not come close to covering staff costs for one quarter, let alone the year. Capricorn therefore not the panacea it was made out to be. I’ll give credit where due though for the honest disclosure.