Great news for shareholders. KTD has finally realised that throwing money up against a wall to see if it sticks isn't a good strategy for a non-profitable company. Gong must feel vindicated.
... and to those people wringing their hands about T20 sales and revenge , have you ever considered the owners of Omniblend received $10m in shares at $0.43, i.e. 23.25m, of which Rotman and Nudel's share was only about 9m. That leaves 14.25m shares with original owners. I wonder if they have been selling? If not they are nearly 70% underwater.
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