Ann: Preliminary Final Report, page-7

I’m less enthused



No Detail on FY19 projected revenue, no details on the key sales wins they broadcast in the top of the report, no detail on operating cash flow break even, no detail on when the msp dogs breakfast will be cleared up. The cynic in me says it’s pretty hard to be disappointed if no promises are made.

I’m also concerned by the buy back. Why buy stock when we’re cashflow negative (with no info on expected timing on break even) and have only $5ish mill in the bank (which is down a mill on last year)?

I still think there is big opportunity ahead at current prices but I’m totally underwhelmed by the vision and ambition.