I think the problem was a downgrade in disguise, reconfirming...

I think the problem was a downgrade in disguise, reconfirming guidance but including the expected copyright reductions. Still, revenue remained the same. Asia not really growing and the Asian CEO has now left the building. Hopefully they get someone with some knowledge of software dev in next. 

Less than $1.5M owing to previous vendors adds another $1M to positive cash flow next half automatically. They should be able to reduce net debt by at least $3M.

It's a hold for me, may consider adding to position under 25c.