A takeover offer as come in for Whispir. All cash offer of $0.48 a share. Given the flogging many holders have taken with this company over the past 12 odd months hopefully another bidder comes along to pump the price further

https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02736167-3A630162?access_token=83ff96335c2d45a094df02a206a39ff4

Whispir have announced they plan to be cash flow positive much sooner than expected (now being Q3 '23). How has this been achieved? Basically by giving a large number of staff the arse per the graphs below

This amounts to 30% of current staff and equates to an annual saving of $14.3m. Rather large savings for a company with a current market cap of around $80m. The market liked the news, at one stage the stock was up over 40% that I saw. Does raise questions regarding the company for me given this will heavily impact R&D moving forward.