This business model has failed.As an agency for Netsuite, they...

This business model has failed.

As an agency for Netsuite, they have switched focus from small business to large business, expanded into Asian countries, tried to develop low-cost acquisitions, and employed new executives - they are now in the position of declining revenues, deleting staff numbers with a share price that has no liquidity. It has become a train wreck.

A new CEO has been appointed who originally was involved in setting up this current Oracle/Netsuite arrangement.

IMO it is rehashing old ground and will lead to a further demise in this ASX listing.

The only course of action that will save this listing is a new business model built on leading-edge technology in the AI space. Ditch the agency and all the people that go with it, find a new technology start-up that is looking for an ASX listing, raise a few million, and begin again.

Plus it would seem the existing board has run its race.

The current direction is heading down a one-way path to being delisted from the ASX.

IMO