Communication is key27 Apr 2023 17:40
The current management had an opportunity to start rebuilding trust with shareholders. Unfortunately the vague and last minute updates have just compounded everyone's frustrations.Whatever the reason for the delay, there is no excuse to treat shareholders in this way. Hopefully it is just a simple delay with BDO and nothing major.It appears they have difficulty making progress, such as the revised valuation of Medichem, audit sign off etc.That aside, the business seems to be steaming ahead with new products and new retailers, the cosmetic industry is thriving, and Revolution seem to be covering a large market segment, offering good value.