Ann: CEO Letter to Shareholders, page-2

If this guy is given the oxygen he needs from the Board, and Sexton is kept away, there's life in this business. This is the first time I have read an ASX release and thought this mob actually know what they are doing. The spin is gone, the announcement of multi-million dollar China contracts that never eventuate is gone, and the acknowledgement of what they can do is there. It is vastly different business model than what they intended but hopefully they can remodel themselves to be successful.

The one overriding note of caution for investors IMO is that BPAM is still the asset manager and will take the lion's share of any profit via outperformance fees if the share price lifts. To me that is criminal given their "asset management" nearly destroyed the business.