Just under 800 million shares out there, never a recorded nett profit as a public company, diminishing revenues, umpteen capital raisings, increased competition - and now they're seemingly paying Suppliers with shares! I'd like to say this looks like a dying swan but it much more resembles a dying turkey.
My guess is they will release a new product shortly, hit the market with a bunch of standard hype and BS, then look to their long-suffering shareholders to stick their hands in their pockets again to raise funds to make it all happen. A new product will take the public focus from its flagship failures in datadot and datatrace, and allow the Board to pull more wool over the public's eyes. There will be a lack of market research, there'll probably be a couple of new deals announced (at cost or worse behind the scenes) and the rhetoric will sing loud and clear that this new direction will be the way to go!
And all that will happen is the trough will be once again filled for the snouts to snort it all up again - all at the expense of the shareholders, AGAIN!!
About time this dog rode off into the sunset - and took its hollow promises, losses and deceit with it!
DYOR
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