It's possible TR isn't the right person to do it. It's asking her to dismantle something she herself built. I was in a similar position here and could do it with the ruthlessness required. An unrelated entity is probably needed. That said, the quarterly tells us nothing. Costs could already be under $1m. All that tells us is what the amount of money spent during that quarter was and leaves assumptions that if staffing costs have lowered by implication there must have been costs relating to retrenchments, I half expected them to be higher for that reason. Following that logic if no further changes were made next quarter should be significantly lower again. I would like to know what the $1.5m on R&D was spent on too, and whether to expect it to have stopped during the quarter.
There are a silly amount of unanswered questions that are very market sensitive and need to be announced. We are either quite profitable or about to go broke. I don't think it's unreasonable to expect some guidance, I'm sure some holders will have a better picture than we the great unwashed.
It's possible TR isn't the right person to do it. It's asking...
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