Can’t recall the exact wording but it raises a question of...

Can’t recall the exact wording but it raises a question of misleading the market to state will be buying up then don’t?

I think BCC is not overly priced but the NPAT they make you really need to strip back the R & D which has been 2-3 mill every year for 5-6 years when I went back. For a company of this size to have such a pool of unammortised R & D sitting there it is concerning but I also get you have to stay relevant. This is the issue though when your chief competitor is Garmin, Starlink and basically Apple now. Cash flow needs to be strong this quarter to give us a lift.

Then we have the what I think is the problematic JV on Zoleo, RP seem to be content with their take in USA and Europe seems to be a bust. We have not seen a new order in a long time now too.

I actually think Beam need to put a stack of energy and thought into a new direction, a reinvention, a pivot, whatever you want to call it. Very tough climate out there at the moment though.

The company has tried to drum up broker support I believe with a tonne of presentations but it doesn’t seem anyone is interested. Tech and small caps not really in demand though too, so who knows and when they raise interest rates we always get sold off. Same as some other tech plays I follow.