Ann: CEO Search Update, page-23

Markets hate uncertainty - it is uncertain when operations will return to any kind of normal let alone any meaningful profit generation. Sold down on this alone not to mention lack of trust in how this whole thing played out in the last 12 months. In the event of another capital raise and this will sink further - it already sits below last capital raise. You can buy more at these prices but may buy cheaper in 3-6 months. Only one certainty with this one - Somboon holds all the aces - any potential value is in his favour - not ours as holders. Glad I steered away from the last raise - wait and see where the next raise will come in on at. AIMHO.