Ann: Restructure and ASX Suspension Update, page-6

A forecast cost reduction of $4M by end of 2022 is massive. Forecasts like these always make me suspicious (like the forecast of a $4M profit mentioned in the prospectus before the IPO, especially when not a single dollar of profit was made, ever). Can someone with more knowledge tell me how the cost reduction can be so big and why this wasn't done before?

Have to say I'm impressed with what new management is proposing. On paper it all sounds good. SP will tank anyway upon re-listing but might be tempted to grab a parcel at basement price and recover some of my losses.