Well as a DIY self funded small shareholder with debt myself, I can’t afford to take that chance on a slack management “with their pants around their ankles.”
Im sorry. Not with shark fund managers around who don’t give a crap and an ASX CR process that allows companies to kick the can of poorly executed business models down the road to eternity.
I mean this is an IT company and a shareholder relies on good management to be on top of things like this...
To quote mission control to Apollo13- a move to the cloud should have been this companies finest hour!
“Had they” been ready? Well think of the growth!
Instead it’s ”They should have been ready....”?
”Should have” is no longer good enough in today’s fast moving tech world my view..
Not with markets (partic tech markets) at all time highs
Im sorry - maybe I can revisit if/when customer numbers are back and proven and margins are shown to be as good in a cloud based world- It is what it is - nothing more than extremely disappointing...
IMO/NA/DYOR.
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