Ann: Quarterly Investor Update, page-8

MSV has had a history of underperformance over many quarters. When they can't meet the guidance once that's disappointing, when it becomes chronic there's an expectation to do better.

However, when management then become selective in presenting figures to fit the narrative that's spin and it needs to be called out. The constant tone of MSV's quarterlies is blue sky optimism that we can do better & its just around the corner.

Well if there's a problem with obtaining better margins or underutilization of rigs, communicate "why" to the shareholders, don't just gloss over it.

Yes they are headed in the right direction, but why settle for mediocre performance ?