They've mentioned in the past that they'd made a strategic...

They've mentioned in the past that they'd made a strategic decision to move away from one-off type contracts to establishing long-term partnerships. And giving up the one-off revenue caused a decline in revenue, that they thought at the time would only be a short-term set back.

But the long-term partnerships are clearly not delivering the forecast revenues.

If you have a look at this old Austock broker report (still on the DYE website) from June 11, it was anticipated there'd be a "£50m commercial Roof Dye Solar Cell rolling mill" in operation now. There isn't and the revenue for 2012 has come in about $12 million short of the $14 million that was forecast.
http://www.dyesol.com/index.php?element=Austock_2011_DYE_150611.pdf

The last broker report on DYE still said they were expecting an investment decision this calendar year. http://www.dyesol.com/index.php?element=AustockReportDYE221211.pdf

It's November now and still nothing.

At the AGM, the Board of Directors once they've finished fighting amongst themselves need to let people know where the TATA project is at becuase it's now been a long time since we had any concrete news. "Confidential" Powerpoint slides aren't doing much for the share price.