Given the repeated, energetic, and desperate 'strategic opportunities' discussion going back over several months, I'll take the other side of this as I have a few times with other companies as their holders approach exhaustion.

@Strawman yep, agree entirely. EVS was one of my better sells over the last few years -- too many red flags re: fluffy figures, stalling growth and what ultimately appears an unsustainable business. Jason doesn't exactly inspire confidence either, reminds me of a dodgy car salesman with no substance.

If I hadn't already sold, this would be yet another signal to run for the hills. One could potentially do okay taking a contrarian view, waiting on a takeover offer, but that is out of my control. If I wanted to take a bet like that I would walk down to the local casino and stick all my money on red.

Forecasting that the annual report will be a stinker, with a disappointing second half resulting in more cash outflow. But but but 'ADJUSTED EBITDA'.... facepalm.

Agree Gents , add to the announcement the inability fro Jason Cooper to undertake a breifing which has been custom each quarterly release.

Might not have wanted to confront some hard questions.

Surely 2.9% ARR increase are disappointing and a CEO must call this out ?????

Disc : Not Held

EVS effectively put a 'for sale' sign in their annual report today: "We have considered and advanced a range of corporate discussions that have contemplated full sale, as well as partial and commercially strategic investments. These types of discussions are highly sensitive and confidential, and we do not speculate on what may or may not occur.... However, in the interests of all our shareholders, particularly our longerterm holders, we have no intention of selling them out by folding to any discounted opportunistic proposal which may emerge as a result of the current low share price."

@neke86_ I think you may be onto something here.

When I digged around trying to work out what's going on, I thought that high interest debt they took on made more sense when it was viewed as "bridging finance" so they didn't look like desperadoes trying to get a deal done before they ran out of cash. Further to that, Waislitz being the source of the leak to the AFR led me to believe that large shareholders have said "no more cash, get a deal done."

This quote from the chairman slots into this theory (I think) in that he's basically saying they are for sale, but they won't be low balled because they have enough money to negotiate. I would read this as being a message to potential suitors rather than shareholders.