BAL report whilst not great has in fact been flagged by the board in their yearly. The board is still cleaning up from the previous board and as always it takes time.
The biggest thing running against them is the time the samr is taking to come through, nothing unique to BAL as SM1 are having the same issue, shows how fortunate A2M was to gain it early on.
Their relabelling is also reflected and as A2M had to do is being managed.
Yes terrible report but recovering from such a terrible stuff up by the previous board was always going to take time, I think those who have kept an eye on the company will see the good side of things. the future isn't all bad.
bal earnings report, page-8
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