Agree Champee, Merchant and holders want a higher share price...

Agree Champee,

Merchant and holders want a higher share price and the only way Merchants will have backed off to any degree is if they are happy with what has been negotiated behind the scenes. Unfortunately we are not privy to the details but suffice to say, it would involve agreement between the parties regarding reigning in expenditure , as we have all agreed this is critical. Merchants will have seen details from 1 page that show a definite turnaround in business traction, this I believe we will hear about over the next few days and weeks. Merchant appear to be happy with the board changes and other departures that have been made, ie. the company management composition.
This Ann. also suggests that Merchant are happy with the intended use of the $30 million approx. in cash , and they will have agreed to lower company expenditure levels and efficiencies, timeframes for results and maximisation of funds to generate significant returns, ie acquisitions. This use of the funds will still be very much on the table. All Imo of course.

As you have simply stated, merchants are happier now , which means we as holders can look forward to being a lot happier as well in the near term. (In line with this thinking, I bought more today. )The best outcomes are driven by negotiation and gaining the ultimate efficiencies, and we are now well on this path..