Ann: Change in substantial holding, page-6

Must say I am somewhat disappointed with the follow up activity from the new board and extended management group.

No doubt the changes had been planned for some period but it would seem and I for one was expecting a renewed approach to their marketing efforts.

Seems not the case at this stage. Just nothing, no figures, silence.

Well I have stuck with them for some years and it would seem that my expectations were well off the mark.

If the share price situation remains as is for the remaining calendar year along with limited activity outside of NetSuite/Spectrum/Riyo, then I will fold.

So much potential over recent times to expand into the world of online technology products for all types of business (particularly with COVID appearing) - but seem to have decided to take the path of security and stay with their safe NetSuite business model platform.

The unfortunate result of such an approach is the complete lack of investor interest which means the share price remains illiquid and those with substantial holdings including the Directors etc just sit and watch the company pay massive wage bills and remain a safe haven for all employed.

I watch with amusement recently as some millions of shares appeared on the sell-side and tried in my own mind to justify the fact that they may be getting prepared for a major acquisition/collaboration. They, the blockers, seem to have quietly dissipated into thin air as the activity with the share price ground to a halt.

When the culture is set within an organization, it is hard to change.

Will there be a game-changing announcement? Certainly not from outside the company as who would want to inherit a wages bill of some $9 million and an agency business.
It has to come from a shift within JCurve to change the business model by extending product acquisitions such as RIYO.

The CEO is excellent at his job re-running a sales force to sell and service the agency business. However IMO the company needs the CEO role to drive new initiatives, create business development opportunities and attract investor interest.

This is not happening.

The previous chairman remains on the board and the rest of the previous management team remains in place - for my money I do not see any major deviation from the status quo.

Those on the payroll have a safe secure job.

As an investor, the result over the years in terms of share price appreciation has been bordering on pathetic.

IMO