Ann: Becoming a substantial holder, page-25

So i have been thinking what the trigger point is for a re rate to occur.

It seems like that the debt isnt the problem after all? With net debt so low, its not a concern anymore.

Is the market waiting for the actual debt (both the note and the track loan) to be paid off, no ifs and buts?

Is the market waiting for some improvement in subscription business, or sustainable revenue from q&a?

Or is the market waiting for proof of positive cash flow, elimination of extraordinary expenses?

Or does it take the company to declare a juicy dividend? Which is probably dumb for a growing tech company.

Or all of the above? I wonder.