I am still convinced that they did not tell the truth and that the real reason behind the decline is lost professional service revenue and a big amount of churn, so don’t expect a recovery. More interesting is the cost side though. My guess is that LiveTiles is not more than 50 people globally (not counting their minority shareholdings), so salaries should drop significantly as well.
Now Karl can pull the strings of his puppet and buddy CEO with the blessing of his buddy board. Clever move to get out of the line of fire but not in the interest of shareholders.
LVT Price at posting:
3.1¢ Sentiment: None Disclosure: Not Held
