Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-21

I one takes a longer view, one gets this picture:



After no extensive recruitment: the new CEO is the longstanding old CFO. Ask yourself, will that change the direction of the trend?

Should one think that observing the last years, the chart indicates an imminent breakout?

Back in March 2019, SOI was 190 mio, now SOI stands at around 350 mio. The shareholder has been bitten two times over, once by the dilution and then by SP erosion.