Ann: Investor Webinar, page-48

I for one am pleased we have a webinar. I’m very confident that no-one at SPX reads HC but in my own fantasy world I think it would be nice for AF to give us a clear understanding of where company strategy and execution is at present.

BK alleges he spoke to an insider and was told 1m plus in quarterly revenue for June 2022. This is not professional corporate communication, and at the moment this is how we’re learning what’s going on. To make matters worse - If indeed this chat actually happened - the person BK spoke to either deliberately lied or had no idea. Either way - not good.

The numbers are the numbers and at present they don’t look great. A $50m DW is a start but it won’t by itself be a silver bullet to arrest $2mil+ per quarter losses. What’s more interesting to me is understanding the plan to increase revenue and trim the current cost bloat.

Plain English language and financial data preferred. No metaphors, no “history lessons”, no “verticals”, no “nodes”, no “yachts”, no “unpacking”, no “value chain”. If our CEO could for once stop hiding behind middle-manager corporate speak and give those of us who also own part of the company some clarity it would be very much appreciated.