Ann: Administrators Appointed, page-143

All very good points, although I think most of us accepted the cash bleed up until March, but had good reason (what we thought was good reason) to think we had turned the corner. We were expecting a decent June qtr. That was until the Crux interview which didnt make sense on cash position. Even Nic Earner Alkane MD said only a few days ago in their investor webinar that he thought Calidus were now on the right track now and would to see a decent rerate in their investment "soon". So even they got blindsided. I belive Nic was non-exec CAI director as well.

Anyway it is what it is, we learn and we move on.