COO results analysis, page-3

Its also interesting to look at the difference in language between the results and the write-down announcement last week (see extract from the write-down announcement below). You would think you were talking about 2 different companies.

'The Corum Clear project is now well advanced and market response to early prototypes has been extremely positive. The Corum Clear product suite is designed to be best of breed, encompassing a contemporary new dispense system, leading-edge cloud reporting platform, updated Point of Sale and head office store management tools.
The Corum Clear suite will include close integration with many selected industry partners. Corum has placed the customer at the centre of the design process and is determined to progressively deliver products that are innovative, reliable, and smart; purpose-built to support Australia’s pharmacies manage and grow as successful businesses.'

The major shareholder is no fool, and if he truly believed COO was in terminal decline, he would be putting it up for sale now. Given the tone of the results announcement, he appears more of a buyer than a seller.