Ann: Appendix 4C - Quarterly Report with commentary, page-42

@Sharespike

agree

to my recollection there was no reference to stopping direct sales rollout for Telstra at any point until the email the MD posted to a punter a month or so ago - now repeated officially here- and that was crucial to sp strength into last year's cap raising and through 1st quarter after the intermediated channels being 'pushed right'

the sp would have collapsed if market knew there was no direct sales at all and that Telstra then canned

putting the past aside - for a company burning $3.5m a quarter that has an inbuilt share price premia because it promised a fast move to cashflow positive - this is off the pace given the one offs

the director's departure a month ago was a smoke signal

no wonder ceo was keen to pump up to raise money then sell 20% at 20c. unless he;s incompetent it would have been obvious the sp was a long long way ahead of the true point of sales progress

i said $760k would be a terminating pass. given USDAUD fell to 74 from 79 its right at the low end.

but its so far from where CEO said it was - its grotesque.