Heading in the right direction. Good to see focus on reducing...

Heading in the right direction. Good to see focus on reducing costs - if they do that well, they should remain cashflow positive for FY24, see an increase in EBITDA and hopefully stop raising capital at ridiculously low levels.

Overall operating expenses in FY23 were approx $140m, so hopefully there is a lot of room for reducing costs which could have a significant impact to the bottom line.

I reckon BTH should also stop acquiring companies and focus on building organic growth.

Re Takeover discussions - Ron Shamgar from Tamim indicated on Twitter that management have put a hard deadline so there should be a decision either way by the end of October. The announcement confirms "Multiple interested parties are active in the data
room and the process is well progressed." With the setup of the data room allowing the parties to complete due diligence - if it eventuates we could hope to now receive a binding offer?