Ann: Quarterly Activities Report and Appendix 4C - Dec 2017, page-18

The announcement contradicts your view mate.
They spent $308k last quarter on marketing (while bedding down the product).
And projecting $166k this quarter, that the product is ready and tested for success??

This company has been listed for 2 years, and found it’s way on the ASX as a disruptive tech (meaning a money earner) unlike a mining company that has prospects. After 1 year of launching a product (VPN), which hasn’t been updated since June last year, and WFI launch in November, it has an accumulated $4k in revenue!!!! And a market cap of $11 million … I’m thinking $3 million is fair value (considering loan facility). But this will be all gone come July, right around the time the options of 2.5c and 10c expire… leaving the company 0, and us shareholders the same!
I’m here to invest and make money … and have been here long enough and will stay the course, as we don’t win them ALL.
I don’t think anyone thought 3k for the quarter, or 40 paying customers.
I also think, there is no competition, and if there is they are laughing … or maybe quitting their plan to compete with WGL.

Ps. $92k in fees to raise the 1.4 million, FFS!!!
Boys club completely destroying us.
The government will soon catch on, and not give the R&D rebate… but they are paid full from our kitty already.
RISK just went towards 0.3c mark.