The market doesn't even bat an eye at 3dp. It's illiquid trading volume displays how volatile and unloved the company is. Compare this to even 6 months ago, there's a huge amount of repair to go. Long-term, I am bullish if the company can survive the current cash crunch and it can increase transparency regarding SaaS figures. Without transparency I assume "below range" ARR and unacceptable churn, otherwise why not release the metrics if they are good?
The whole ACV never aligning with revenues displayed poor governance and a dependent BoD, which rarely returns well to SHs.
SHs/board should push for transparency metrics for their own investment thesis sake, instead of letting it fester into a lifestyle company where people get a raise based on non-performance. Hope for a deal is not a consistent strategy for long term returns.
3DP Price at posting:
3.9¢ Sentiment: Hold Disclosure: Not Held
