re:"Nobody wants a diluted pig anymore."And, of course, you do.
Obviously there is not anything strong enough in this NR that overrides the "faults"(In Your Opinion) that you choose to single out.
Yet, you appear here to "..want a diluted pig."
You are an interesting bundle of contradiction.
IMO the losses are not excessive. IMO They are justified and this is dealt within the NR if you care to see and understand what management is saying. You have to spend money,even into some excess at times, to make money. I do believe the quarterly increases in revenue as given in this NR illustrates just that.