Well I really purchased without a huge amount of study or expertise in the tech sector
And though the BOA ann would have meant a major income source ..but sadly not and yes I could well be completely wrong here but I've always had the trading motto of "when in doubt SELL the fick out"
A post on another forum -from a guy that had purchased in the early days of 9SP
BOA agreement
-"A one-off implementation fee".
This fee covers their cost for setting up the platform. The value from this is zero as it is all expenses.
- "A licence fee for 3 years".
It says 25% of FY2019 revenue. This equals $2m as FY2019 revenue was approx $8m. This is peanuts as the company burns that much money every quarter.
-"Income derived from an app marketplace."
This is hypothetical revenue as it requires users to be on the platform and purchase apps at a 20% margin. Since IPO, the company has never generated any significant revenue from this.
And want really sold me is would I use it ... how many BNZ customers use it ? what's the feedback ,how many business owners on here use it ?
Just don't think it's as great of platform as we are being lead to believe IMHO
DYOR
9SP Price at posting:
2.8¢ Sentiment: Sell Disclosure: Not Held