A journey to the north - 1pg ($1.20-1.50), page-213

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wessomart

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25/08/16

09:38

Post #: 18666198
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Originally posted by peejayhercules ↑

Bought in at $0.25 recently on what I thought was the bottom, with most possible bad news outcomes factored into the SP. Was looking for receipts in the $0.5m to $1m range, and revenues that would flow into the next quarter making the cash flow break even in the Aug to Oct quarter.
What I got was no receipts and no revenue HIGHLIGHTED and splashed all over the front page, poking me in the eye: “Q2 2016 revenue up 89% over Q1 2016 revenue. First half revenue has surpassed full year 2015 revenue. Average Revenue Per User* (ARPU) is up 67% quarter over quarter (QoQ).” What a pile of BS.
“The next stage of this migration involves upgrading how clients request and calibrate pools of talent in Source 3.0…. To obtain maximum adoption and user satisfaction of the new User Interface, the Company is providing training sessions with clients which should be completed in 3 to 6 months, dependent upon client schedules. The final stage of this migration involves billing, whereby a client is invoiced at the start of each month for a minimum number of pools, irrespective of usage...To reiterate, all new 1-Page clients are being deployed on the Source 3.0 Backend, User Interface and updated billing model upon sign-up….
Going forward, to ensure clarity, the Company will focus on Revenue rather than New Bookings, given that this is a standard, clear measurement….….the Company is pleased to report a positive recovery, with sales entering Q3 with a strong increase in the new business pipeline. These leads will take time to convert to contracts but are highly encouraging”.
More fluff and BS. No explanation or apology as to why their previous announcements and predictions came to nothing. Terrible investor relations and PR. Far less credibility with shareholders now.
I bought shares because I believe by the end of 2017 there will be a substantial turnaround in the company. I still believe (but a little less now). Shares in the bottom drawer for quite a while now.
My name is mud, and some days it’s spelt backwards.

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Mate, this stock is completely boned. Ditch it and cut your losses.

1PG Price at posting: 23.0¢ Sentiment: None Disclosure: Not Held
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A journey to the north - 1pg ($1.20-1.50), page-213

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