I open this thread to discuss the facts and share info.
Broker data:
21 July 2016:
Instos bought net 285k, retails via Comsec & Timber sold net 508k
22 July 2016:
Instos bought net 8k, Canaccord bought 472k @44.63c
retails via Timber, Openmarket & Macquarie sold net 981k
25 July 2016:
Instos sold net 56k.
Pershing bought 174k
retails via Comsec & Openmarkets sold net 207k
26 July 2016:
Instos sold net 80k.
retails via Openmarkets & Timber sold net 118k
1PG platform was launched just 12 months ago! Initially on trial, no revenue.
then got big companies signed as clients.
then acquired Marianas Labs for their data IPs and world class tech team including ex-Yahoo CTO working for 1PG last December 2015,
then focusing on integrating acquired data IPs into 1PG's platform, upgrading to Ver.3, slowing down signing new clients.
Cash as at 30 April 2016: $41.2m
1PG announced to reduce monthly spending below US$1m, about A$4m per quarter, less revenue.
If we only sign off $1m contact per quarter, 1PG can reach break even in 2.5 years, lowest budget cash level $26m. (Thanks @asb83 )
