The board were full of egos and ignored their shareholders thinking they knew more than us. It's really that simple and why I sold 1500% ago. It's not that they've changed their strategy, it's that they have no choice! They will be struggling to remain listed in any case.
I'm still watching for a position in the upcoming years... but I have no faith that once the SP doubles they won't slap another raise for 'growth', especially if their attempt to reduce cashburn does not yield material results without sacrificing revenue. If they do ever manage to turn this disaster around, it would be a bargain at this price.
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The board were full of egos and ignored their shareholders...
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