Well they need to come up with some credible stories and reasonably quickly, the AGM would be a good start to try to repair a very damaged reputation that this company has with investors. For me there are 3 burning topics within this company -
1 - Lowering the cost base - we have already had some info that they are on to this and relocating staff back to Australia from Dubai, we need to know the financial impact of that and other actions to see if it closes the cash drain gap any.
2 - Sales - For the whole of last year the company didnt sell anything new as far as i can see which is shocking! There has been one small announcement this year but the company needs 10 more just like it to show progress in the near term.
3 - Cash - When does the money run out (must be soon) and what are they doing about it.
If they can show some credible verifiable stories around these 3 topics then yes some limited confidence may return.
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