I guess the market will wait for the source of truth being the...

I guess the market will wait for the source of truth being the next quarter or an update on the seasonal revenue of THM and overdue accounts. Management owe that to holders.
I would suggest the recent report probably reflects the reality of the current trading environment though. You couldn't expect THM to maintain inflated revenue and profits in this environment and customer late payments or even defaults should be expected.
IMO the share price needs to find a new low then quarterly can surprise to the upside and re rate the share price. Market wont take a bet that these numbers are going to get better.
You may miss the bottom, but waiting for confirmation is probably the smart move here.