iBuy under pressure, board orders US$216K monthly opex cut - See more at: http://www.digitalnewsasia, page-8

Earth to Kris: focus on revenue!

We loved: Rev Q3: $18.7m, Rev Q4 $37.3m doubled through acquisition of Living Social by raising $30m at $0.45. We hate: Rev Q4 $37.3m Rev Q1 $37.7m

You reduced staff costs $600k last quarter and no one cared. Leave cost cutting to the accountants at Private Equity after the buy out.

If Revenue this quarter doesn't grow at least 20% to $44m you'll just be another ho hum retail story like Myer (MYR) who just announced: Q1 FY2015 total sales up 0.1% to $691.6 million. Q1 FY2015 comparable sales +0.7%.

Look at the charts and see that the market is already judging you on where they think you'll be in 6 to 12 months:



The board know this story like the back of their hands. What's going on here.