The key point about yesterday's announcement is that after over...

The key point about yesterday's announcement is that after over a year of Miller pushing a particular retail strategy , it is now over. That strategy is effectively dead or on hold. It was only in Feb's investor webinar that Miller again made the case for his strategy and lampooned suggestions of anything alternative. Something has changed big time. It is not clear how Miller can remain, the sooner he goes the better.
If it was just about money they could of done a placement in Feb or early March, in fact before the lodgement of the 4D, a placement only takes a couple of days to sort out, yet they have done it 6 weeks after failing to lodge their accounts. Given all the other prior capital raises over the past yr involved expanding the "US retail strategy" , what were these professional investors/holders told so they tip in an additional $1.85mln to "complete a strategic review". I have never seen capital raised to "complete a strategic review".
And then there is Azure as their "M&A" advisor? Whatever that means.
Yep, they wont be making any more Gen 3 buds, but they should have stock to keep up supply
What is meant by completion of the RealTek chip? Was this not completed? Did he not "show" the 4Gen product in Las Vegas. Has there been a change that is now required from the original spec to accomodate a new future potential application.? Or was this information simply not communicated by Miller late last year while he was holding the "new 4Gen " product?
The future rests on getting a deal done, which has always been the case. Interesting that yesterday's announcement came from the board chair and not the CEO.