The Sep qtr was obviously very poor. A turnaround now looks very difficult. Growth now appears to rely on some big one-off deals occurring, which may be good for the Dec qtr but then what, back to big losses next year.
They need to cut expenses to a level that they can afford, but the CEO has never shown the ability or the willingness to do so.
In my opinion the board should have removed the CEO last year, when there was still plenty of cash.
BUD Price at posting:
1.8¢ Sentiment: None Disclosure: Held
