Unfortunately it was ever thus. The problem with bringing in new...

Unfortunately it was ever thus. The problem with bringing in new management is there's always a temptation to "clear the decks" on bad news.

For better or worse I believe current management created this problem but are probably still the best ones to navigate it. If I was a major shareholder the LAST thing I would want now is someone new coming in to revisit the whole strategy. They need some improved tactics over the short term sure but if we're at the point where the whole strategy needs a revisit then maybe a share price of 45c is generous.

Personally I think they'll work it through and even if they need a modest Capital Raising (heaven forbid) I think this is a good buying level but yeah if I'd bought anywhere north of 50c I'd probably be quite salty by now.