As the number 2 most shorted stock in the ASX (11% shirt interest) I imagine Bevan and plenty of others would have enjoyed the squeeze yesterday.

Also - 50 staff gone for $10m annual cost savings... That's $200k per employee and these were the talents that they could not find other homes for in the organisation.... Seems things got very bloated.

Perhaps the most significant of all the announced initiatives is the decision to move back to direct sales and take resources away from the wasteful channel strategy is very good news. If it hadn't been for this costly learning by previous management, it's quite possible megaport would be cash flow positive today.

Was hard to dip back into your pocket and by more when the stock was sub $4 but these changes deserve to be received very positively.

Now to see how much trust investors will put in it.

It will be interesting to see if the new CEO can follow through and execute on the push given by Bevan. I have maintained a small holding in $MP1, and will consider adding again if the improvement can be repeated. The organisational and sales and marketing insights are quite stark, and good news if true.