Why slump?, page-4

Agreed as discussed there does seem to be a degree of seasonal variation which does partly mitigate the reduction in receipts. Personally I think they are worried about competition and have realised its not going to be as easy as ipp had it and have decided they need to smash out some marketing etc. Good long term plan as they are otherwise risking the whole business. Imo it will result in a delay to profitability which hits investor confidence as will another cap raise. To be honest I'm trying to be hypercritical to see if anyone can really refute my thoughts as I'm thinking of exiting.