Keep an eye on that second-to-last dot point, " Poorly executed and dilutive capital raise," which has saved the current lot's backsides while they played "musical chairs" and wasted time and money. I wonder what these "professionals' or "corporate clowns" can do!
The freeze on research and development was a good thing. Imagine the cash burn if that was ongoing. I certainly hope the new lot hasn't turned the tap on for that. More cash burn. Small businesses often try to bite off more than their cash flow can sustain. In my opinion, the old lot showed good corporate management and stewardship putting that on hold.
My view is - get the current business cash flow positive and then turn your focus on research and product development funded from the current business. This creates credibility and market confidence in the management's ability to deliver and run a business. At the moment, there is no credibility reflected in the share price. How many posts now end with "I wish I had sold" - me too!
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