Gotta love the explanations.
Company strategy: Looking for acquisitions
Performance - $1mill decrease in revenue in 6m - due to the slowdown of the world economy.
ROFL
In all seriousness, ASIC and the ASX have got to delist these companies who have cowboys running them and which have a market cap of possibly less than $10mill and a revenue base of less than $10mill after about 10 years listed on the ASX