5. Well funded local competition (Foxtel, Nine/FTA)
6. Continually disappointed shareholder base (hard to raise capital at this stage IMO)
7. Rapidly decreasing cash reserves.
I hope SL has a rabbit hidden somewhere, because this one is not looking healthy. Good luck to holders, but sometimes it is better to swallow your pride and say "I backed the wrong horse" than to ignore the clear signs until 100% of your investment has disappeared.
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