All placement participants know the writing is on the wall. Michael had to go and now they have Mr Ed to finish the job. He's getting well paid for taking on this ship. One with depleting cash and no profit in sight.
The US is a drop in an ocean. It's destined to fail without appropriate focus. If you fund a 0% NTM business, all you get is losses after losses.
Capital will be so hard to get in these times.
Ann: Quarterly Update and Appendix 4C, page-37
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