What I would really like to know is why the company was so silly...

What I would really like to know is why the company was so silly to say LATE LAST YEAR that MOU2 would be announced in Dec and if not, then in Feb after final approval from the client's board. And here we are in May with still no sign of MOU2 (as PC stated, nab was NOT actually the original MOU2 client). Do we have professionals running this company or a bunch of guys learning how to manage shareholders expectations at our expense?

I would also like to know where is all this so-called demand?? It's fine to have small clients but we need large full fee paying clients. If the service is that good we should have companies falling over themselves to sign up.

I would also like to know whether the company is knocking back offers because they see them as restrictive and not capable of achieving the $40M NPAT target. The M4 target is very ambitious as each day passes without news.