Ann: Revenue Guidance Update and CEO Appointment, page-90

At least the new chairman Louis Carroll isn’t living in Wonderland.

A good buy at this level. 55% gross margins is a good starting point. They are not bleeding cash.

If you look at the AGM statenent and the proposed use of their $30m cash, at least half of it can be eliminated, including $5-10m of acquisition costs.

I don’t know what Yowie ex cash is worth but it’s substantially more than zero.

A turning point in my view.