When I was a senior exec in the software industry, you got 2, maybe 3, quarters to prove your plan by $$ in the order book. After that you were shown the door. In my view 3 1/2 years with no notable commercial success is WAY too long and indicates that either the plan was deficient from the start or the person reponsible for implementing it (CEO) is not up to the task. Either way the board needs to take some remedial action.
And speaking of not being up to the task, if management doesn't know enough about the disclosure rules of the exchange they are listed on to placate potential customers, then they have no place in a listed company. Or maybe they were lying to hide the real agenda????![]()
Well said. 10 years on the ASX and now they've got a problem with disclosure rules.. really..
Quite unbelievable....
They role out excuse after excuse...