Why the hell is this price dropping, page-5

Agreed. The 2 year chart is what is keeping me bullish on this stock. While they like to spend money to make money, the ARR growth is fundamentally there and the management hold around 40% of the register so therefore have the most to lose with further dilutions/cap raises.
The core business of Microsoft SharePoint enhancement looks to be well placed with Microsoft and SharePoint gaining momentum and market share in the US.
AI/bot in a box is upside and hopefully the leads generated by N3 and now the consulting to Microsoft's global partner base have a decent conversion into sales.