Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-145

I think CDO22, like many of us, is tired of trying to work out what is really going on as the CEO’s efforts to keep putting lipstick on a pig become more and more amateurish.

The recent webinar where Redleaf asks about “Pack Face” is one of the most hilariously awful pieces of corporate communication I’ve ever seen.

I can imagine the AGM was full of impenetrable and meaningless statements like “I suppose when you look at our strategy of realising multiple verticals and delivering at every stage of the value chain you’ll see what I suppose is going to be very exciting going forward as we look to drive incremental revenues.”

You honestly can’t blame investors who have seen the value of their investment consistently eroded over multiple quarters for wanting something more concrete.