Day to Day Views & Reviews on ICR, page-61

I have sold and out now.

I purchased day after IPO, probably big lesson not to make that mistake again, as they showed plenty of promise in terms of their offering.

But the thing with tech stock is that, unless if it is profitable already, they burn cash very fast. These guys have had plenty of time to get some sales and marketing happening but there has been very little and at the pace they are going we are looking at many years before real movement.

The product is good, there is a market for it but the way they are going, they will run out of cash before they are able to sign up enough companies moving forward.

I think they definitely need a big change of strategy moving forward.