I also think what the new CEO is doing is great. He is also...

I also think what the new CEO is doing is great. He is also keeping the shareholders informed by the blog on their website.
Finding some new apps is the way to go. I wish they did this 1-2 years ago.
I also think this article 8 June 2010 is not correct when it said "Jumbuck forecast a net profit after tax of $1.5 million in its mid-year update, before these downgrades were announced."

I looked at mid-year update and there is no forecasts. I think the $1.5m in the article is the NPAT for the 1st half.

I also agree that it will take a while until they find the right applications and move the company to a more profitable position. The good think is they are still profitable and they have money in the bank to keep paying the dividend which is a way to reward the shareholders for their patience and as a compensation for the price movement in the past couple of years.