the sell down to 0.5 was a complete loss in faith that deals to moneys could arrive by end of quarter.
It was a failure of management to ever get that close to the cliffs.
The exuberant salary cash burner, and loose shares given out were a recipe for a startup to get hammered.
the brazil deal, though cash unknown, and revenue 6 months away, has at least a candle in the tunnel, rising sp, that the 1.6m shortfall should get over the line.
My opinion had shifted to neutral that within a couple of months the lights could very well have gone out.
There should be no question that the management changes were essential.
TV2 Price at posting:
1.2¢ Sentiment: None Disclosure: Held