So if Aus post was no the "big" deal that the company has been talking about what is - they were never going to head into FY13 "profitably" on the back of this deal so what else is there?
It looks like all the previous releases were unsubstantiated, cloaked under the "confidentiality" clause - so is there an issue here with the company's previous disclosure statements.
veritas will soon put out an updated research note as a lot of their clients have taken a bath....veritas themselves have taken a big image hit.
we now find ourselves with a company that didn't have anything else other than Aus Post otherwise they would not now be talking about "significant" cost reduction.
i wonder if mark and ken will ask for salary increases in the near future?
it looks like they will do what they have done since taking over and try and go back to the market for cash based on the "great" future that lies ahead...I suspect no-one will buy into it this time.
Why did we hire Keith Swartz and Bhanath Ram?
I simply cannot comprehend why the company has not come out with a complete disclosure statement.
one thing is for sure it looks like marks speaking engagements will dry up and certainly his "apprentice" career looks over.
what a waste of the $30m that has been raised from investors - it's been a gravy train with little substance to the viability of the business.
why haven't we severed the PB agreement - surely this should happen after they used their software pitch to cost us the deal.
so many questions and still the company chooses to be arrogant and not recognise the issues at hand.
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