That is good to see. It sounds like the improvements will be coming from the money for the software upgrades that were due this past quarter that allowed them to put off any additional financing for the time being.
All this makes me wonder if Raefield was pushed out with all the bad news tied to him and the new guy gets to operate with a different company going forward.
I was looking at the insider trading over the past 8 months and lots of shares were bought at 8 cents. Makes me wonder if some significant parts of the government business got pushed out further or if Raefield was not being realistic with his guidance and reports to the board. I lean towards the former scenario. I don't think anyone saw the share price dipping under 2 cents a share but that is what you get when investors go running for the hills.
It will be interesting to see what happens with the share price. If Viscount can get some significant insider buys here, with this new news, we might be able to regain a good part of the losses for the year to date.