profit downgrade to 1.5 mil would be the main reason.
the only good news is that the options package for CEO was NOT approved, however business is underperforming badly and they are exiting Spain which was a big growth market.
If they can sort out problems with Telstra profit will improve, but patience will be required.
Still, at least they have 5 mil cash, so not quite broke yet.
OTL
orion telecommunications limited