In light of previous announcements that lifted holder's expectation and the resultant disappointment that followed, people are forgiven for expecting the worse on this latest TH. That "customer update" TH was a classic, the ramping on it was quite nauseating but in the end it had a lot of people licking their wounds.
Knowing the history of XTV the best way to interpret this latest "restructure" is to see that the company is in all sorts of strife from the fallout of the latest debacle with AT&T, now with no acquisitions to speak of, spiralling debt, dwindling revenue with existing customers cancelling their contract (UST is a big one) and no further adoption on the platform. And to top it off 3 essential personnel have jumped off, I really can't see anything positive that is about to happen. A restructure implies something positive by replacing dead woods with something better - but this does not look like a restructure, it looks like the company can't trade because they are short of 3 essential Australian based directors and secretary.
XTV Price at posting:
0.8¢ Sentiment: None Disclosure: Not Held
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