He knows he's failed to deliver.
Shareholders can read his body language and are exiting in droves.
Plus he's decided to make the P&L worse by expensing more items that were previously capital. Enjoy the massive loss VHT is about to report.
I hope they impair their goodwill as well as they wasted shareholder funds on unprofitable acquisitions. This company deserves to be under $1 and deserves new leadership to steer it to US$10 deals, an aspiration of the current leadership that never was fulfilled. If that aspiration was achieved revenue would be over $140M, we'd have no losses to report and the company would be self funded. Just needs the right person to steer this ship.
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- Ann: Appendix 4C Q2FY22 Quarterly Cash Flow Report
Ann: Appendix 4C Q2FY22 Quarterly Cash Flow Report, page-10
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