I agree based on the report that we are where we are based on performance to date, however I believe there is hope.
It all comes down to whether Matt D can deliver on his promise to reduce costs in H2 2023 and work towards positive cash flow.
Like the large tech companies in the US BET needs to respect the current macro environment regardless of being a growth company and cut costs by way of reducing head count asap.
This stock reminds me of when SWM was sold down to 8c and James Warburton came in and turned the business around and the share price followed.
BET is now in a similar situation. Is Matt D the guy ? We will find out over the next 12 months.
I'm a buyer as see this as a good risk reward play.
Not for the faint of heart and not investment advice !
