Ann: Quarterly Activities Report and Appendix 4C - Mar-2025 Qtr, page-13

Well that was pretty crap I thought. It’s certainly taking a long time to get sales traction in the US.

No mention of the FX trade wind we likely had.
Very sketchy response around the number of reactivations - wouldn’t have wanted them hooked up to the lie detector machine.
I was surprised they took the 10m from the line of credit - sounds like that was a condition of the deal.
PB was excited about getting all 11 sales reps in one room for training in Vegas. I was shocked it’s taken this long. Let’s hope it’s not the Hangover Part 4.
As I mentioned earlier- not great news that coverage has remained static - we need more coverage for more sales. You might recall how this was such a big deal point last qtr - this time barely a word said about its importance or impact.
And finally as we all keep saying - it’s all about sales and it sounds like it was less than 20 (when counting reactivations). Hopefully they didn’t just turn a bunch on in the warehouse.

My guess (and I may just be projecting) is that investors will likely give the company 6-12 months to up sales. Failing to execute will likely see a lot of “sell” buttons being hit.