If I try to be as fair and balanced as I can, the initiative to...

If I try to be as fair and balanced as I can, the initiative to reduce head office costs can only be a good thing and is absolutely necessary if the business is to survive.

The absolute key thing for me to determine the sustainability of the business going forward is the quarterly operating cash flow generation for the December quarter. If that is a nice positive number, the business can most likely live to fight another day and will have more latitude to do things like renegotiate or terminate unprofitable leases. If the operating cash flow generation isn't there, the run up in the share price is definitely premature and investing at this point is pure speculation.

Obviously happy for all holders who have enjoyed a nice gain from the lows of 2c but in the absence of hard data it's too early to call a permanent recovery. As I've said before I really hope that this business succeeds as I do think that the offering is differentiated.