news ive heard is that the company is in a much worse state than...

news ive heard is that the company is in a much worse state than what the board and david had led on. The company only has less than 600 clients and not the 1000 as they stated various times. . Not sure if it was due to receivers coming in and clients started to not renew or if clients not renewing is what led to receivers being called in but what i can say from what ive been told is the company has lost a lot of clients and is down to below 600 clients and will have a loss at end of FY24.
More cuts have taken place in january and february to the tune of at least $1m but ive also been told that their romanian office has expenses of over $1m a year for 3 staff. WTF is going on there? WTF are 3 romanians doing to earn 1m a year? I would assume these would be on the chopping block as well which would put LVT closer to break even agajn if they dont lose more clients.
I dont know if any offers have come in but i do know of a few interested parties.


At this stage i dont expect to get anything back