Look thanks for providing a summary, but if that is what Gerard communicated then it seems he has missed the issue facing this company: - ARR is not equal to cashflow - 3CT or Spectur NZ revenues is not equal to cashflow - pipeline (whichever way you want to define it) is not equal to cashflow - unfulfilled orders from Optus (or anyone else) is not equal to cashflow
The company has a cashflow problem seen from a combination of 4C reports and the capital raise done......and none of the factors you mention above (if that is what Gerard spoke about on the call) addresses the elephant in the room being cashflow and financial viability
As for the Gerard or the board not being interested in dilution....can we imply that they were interested in dilution in Jul20 at 5c and then in Jul22 at 3.6c?
I appreciate I'm being a little harsh here, but unless shareholders challenge mgmt on what for years has been a business that has been burning cash and shareholder value while still getting paid just fine, why would they change their behavior. I'm all for being supportive of mgmt on the occasional slip-up, but this is yrs of not being able to see what is starring them in the face....a cashflow and profitability problem that no positive spin on ARR/Pipeline/Revenues/Potential sales/Contracts/TAM is going to solve. What solves this problem is bringing in positive cashflow on an ongoing basis to demonstrate the business is sustainable (&viable).
SP3 Price at posting:
2.3¢ Sentiment: None Disclosure: Held
(20min delay)