Unfortunately, yeah. I mean, I really hope not, I (paper) lost...

Unfortunately, yeah.

I mean, I really hope not, I (paper) lost (so far) 32% of my portfolio value today on Admedus, and the last thing I want is to lose more, and I would love for the SP to go up.

BUT, let's look at the details.

- 50% increase in the time it takes for partner on boarding from 6 to 9 months.
- Big impact on revenues due to software related issues
- Admittedly there is a backlog of clients who want the product, but they require partners to be on boarded first which is taking longer than expected
- Bundling = discounting
- Challenges with Digicel and the Caribbean market generally
- Delays with Ingram Micro
- Resourcing (HR/people) issues with partners, this means there will either need to be ongoing training, or the ability for partners to train in house.

There are what appear to be a number of positives, but these are at least 3 quarters away from bearing any fruit.

People are impatient, the market is unforgiving. Like I said, I hope it goes up, and I would love to be able to hold, but my stops are in place and I expect them to be hit tomorrow.