They have had many attempts at expansion in Asia (multiple locations, multiple diff types of partnerships) & all have resulted in more losses & capital raisings.
Even the UK expansion was burning money until they got rid of their plans & got a minority stake in the UK company....which seems the best option of limiting losses but still having an option if their app or expertise from us or anz is required.
unclear how they are tracking in NZ, but hopefully the burn is minimal & development of the software stack is included in the australian one.
the strategic option is a pointless exercise....if they focus on their Aus & US growth strategy, options to buy complementary companies will come to light or they will get noticed.....mgmt trying to raise share price is a real red flag & mgmt should focus on what they are paid for...running the company
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