Ann: Notice of Extraordinary General Meeting and Proxy, page-11

Yep, you are probably right, they should throw in the towell and declare the company bankrupt and we can all finally accept that we have lost all our money.
Have you contacted the company, written or spoken to the Chair, the CEO and other staff? Perhaps suggested how else they can deal with the situation they are in?
They are dealing with big clients that move slowly and doing it on a shoestring.
What hasnt changed is the product. It is miles ahead of where it was when the SP was around the 18c mark. The product is not being rejected by the market, it is not something that flies of the shelf and can be installed the next day so sales are slower than expected. That is just reality unfortunately.