re: Ann: ASX Announcement - Parcel Locker Te... So who was the bright spark that negotiated the terms with Pitney Bowes....perhaps JW has fallen on his sword.
Expectations from management and quickly;
- renegotiate the supply agreement with PB or can it, as it is is not going to work in it's current structure
- cut the costs and quickly. Revisit whether Keith Swartz and B Ram are still required? USA especially looks top heavy
- go into overdrive in overseas markets for PAD oppotunities, spending too much time on ourPAD will end in tears....it will be too expensive for most consumers
- ask KT to step down also. No need for expensive part timers that have failed to deliver
- sell PDT so we do not need to raise capital at 10c and have 1m shares on the register. They have been good for cash flow but time to trim down the business to a pure tech play...massive overhead reduction also
now is the time for bold moves and focus. Other than MB we should have no part timers except a board member or two on a nominal and fair wage based on their time
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