Ann: FY24 Q2 Sales Update, page-9

I don't think deep down anyone is happy, since the "fluffy" CEO (twisting your term a little) has taken over we've seen $8mn raised for water, when it was really to cover opex, another $10mn in debt now for "growth" but really to cover opex and costs that outstrip any revenue with a Chairman who "resigned once we found someone" nearly a year ago who is still there. The hype/manipulation is well known on the thread. We all got excited due to Thorney, sure, but I think they saw a play to hoover up the low end stock-well played. The instos aren't happy. As CEO he has successfully led a market capitalisation decline of greater than 63% and at one point over 66%. When the SP was 6c the Board and C-Suite managed to wipe 2/3rds off the value. The chairman was in charge in 2019 when it was 36c a share and has seen it drop this far but still can't* find a "suitable replacement". B

I think they mean *won't.