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Ann: Leadership Update, page-35

  1. 400 Posts.
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    Not sure where all this negative sentiment is coming from re: the business. 15% headcount reduction was already made, the CEO, which everyone was complaining about being a leech on the company's finances / business has now been shown the door, there is more than enough cash in the bank, we've launched JumpySIM to capture a great portion of the value chain (even in Australia!). Remember, Google / Apple take a 30% cut on any revenues from their app store. Bundling the app fee with jumpysim makes it simple for the consumer, provides value to them (vs signing up to someone like Telstra), and increases the revenue capture by the company. US market is still growing and feedback has been positive (check recent Amazon / Bestbuy reviews). The significant software update was completed. Martin Darbyshire (look him up) was hired last year to carry out the design for Adv 2.0, which should be getting near completion.

    If anything, now was the absolute perfect time to change leadership and congratulate the board for doing so. It was the least risky period to do so.
 
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