I wouldn't say suckered at all. Dom is well aware of telco regulations. Probably more like a public company, cleaning up a private one. Removing risk.
Like someone else has said, no problem with this. That's good business. But from commentary it sounds like the company as a whole is still learning.
To come out and say they underestimated the acquisition handover is a big move. But it's also fixable, and much better than the potential problems that I had in mind.
There's also the olive branch in regards to the cost review and restructure, which I imagine would be normal practice anyway.
At least they are addressing shareholder concerns.
At 10c, even with only $40m sales and 20% margin it looks attractive, especially as internal projects start to pay off and come online.
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