Appendix 4C,
Sales revenue of $187,000 recorded during the quarter ended 31 December 2017 - Up 3% from last quarter. Not a major increase at all just shows current client base is continuing to use the IAM services as a standard.
Total Operating Expenses $915,000 - Increase of 30% from last quarter. This needs to be kept in check by management unless required for expansion in fine tuning its technology or gaining more exposure and clients.
Will be interesting to hear what PC says about this, maybe an upcoming podcast or market update,? Im not sure but i would suggest he wont need to explain anything if they pull off some more clients to add to the current revenue.
Trading Halt,
"Finalization and execution of material agreements with leading financial planning entities. The trading halt would allow this process to take place in an orderly manner"
To me this means they've been working with these companies for a little while now, could be the trails that they were doing. The great thing is the way they make these announcements is unexpected/unpredictable and can catch out the traders/down rampers
If you've been in this stock for as long as i have you would have noticed that the trading volumes/patterns over the last months were very encouraging which suggested to me that something was brewing in the background. Those who loaded up, well done!
Like i said before this company has alot of potential and they can be cashflow positive with one major client, the company is small/nibble, makes revenue, has board members in the FP industry and has technology that is a valuable asset in its own right.
The down rampers know all too well this stock has potential otherwise they wouldn't be in this stock thread commenting in the first place.
To all the LTH's hopefully this changes a few things now and onto bigger and brighter horizons, if not now it will happen eventually IMO.
