Yes I agree. Westpac and NAB look to have pulled out totally and now they have had to get debtor financing - a very bad sign. Not sure how they will be able to repay the $15.0m in 18 months.
The recent announcement on the 10th doesn't actually say anything new - the problem is still that the current management team are all from Corporate Express who sell pencils, not value added technology products and solutions and don't know the industry. The current CEO was the CFO when all the bad decisions were made and they are still going down the non value add distribution path.
Until some industry people are brought back in who understand the market and products it will all keep being fluff and no substance with no future.
Yes I agree. Westpac and NAB look to have pulled out totally and...
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