This is unsurprising news in relation to the Corum Group....

This is unsurprising news in relation to the Corum Group.

Besides the usual one liner’s from the Chairman - Corum Group is going nowhere fast. And yet due to its legacy health platform – it holds cash reserves of around $12M. But for the cash - vulnerable I would have thought.

So wheres the spark that produced the initial start up?

Managing director - Geoffrey Broomhead $1.375M salary and fees in 2015. What?

Corum has failed to identify growth acquisition opportunities and or innovative anything much beyond software upgrades. It all seems too hard for the company. In the meantime declining sales revenue 2011 - $21M, 2012 - $20.8M, 2013 - $20.2M, 2014 - $18.89M, 2015 - $17.89M. In addition the company’s engagement and communication with shareholders is woeful.

Perhaps the top 20 shareholders and management might decide it’s all too much. By all means delist and privatise. In the alternative the company must get on with it - working to invest properly for growth – working to bring it home for shareholders.

Perhaps that might start with resignations.

The sooner the better in my books.