I think we should give the management one more chance here. I do think they screwed up a lot such as buying blue reef and then selling it off, hiring a sales manager and then letting him go, failed with the pilot program with telstra, high cash burn and a few others as well. But I'm hoping the worst is behind us and they've learned their mistake.
There are some good things to note such as their new focus on SMB cyberbiz protection, their 24x7 security centre and they still have strong revenues (slow growth but not declining).
Let's wait and see what the quarterly report and their new investor report will say about their future vision. If they can't deliver what they say will and the company is still performing poorly, then change must be made.
We're already losing money so we may as well give the board one more chance to make amends to build the company into Australia's best cyberbiz company.