Interesting day...
Just when momentum was starting to pick up in the SP.
Negatives:
-- no new sales
-- st Andrew's unclear
-- no strategy for future income streams
-- significant investor and market reputational damage
-- CEO and soon CFO gone... could possibly offload their shares.
Positives:
-- cost management under control very quickly
-- less likely to have any issues with regulator with new model
-- due to above more likely regulator will let st Andrew's through... but will be a question of whether fig can get funding
-- strategic review continues regarding future business model and new and emerging products.
-- strong customers currently at 350k.
-- plenty of cash for short term and with cost savings may end up more profitable in very short term.
overall, the announcement cleared up a lot and yes there are still some uncertainties but some of them can be positive soon to come too.
I'm still a buy. Loaded up more today... upside is far greater than downside risk.
Imo dyor
But yes no wonder CFO is leaving... lol how could they stuff that up and take a day to correct. Hopefully people reevaluate.
Give it a few weeks before we are back around .13 and then higher hopefully with some positive announcements regarding strategic direction.
