Sorry mate but, I’ve been told project delays to resolve cash flow positive expected to resume for at minimum three quarters.
It is impossible to believe that when I deeply suspect costs now run higher than any potential total receipts/ revenue.
Pointerra is NOT proving to be best in class and irreplaceable. Rather it seems to bounce around executing use cases and then failing to embed for the long term.
I have received feedback from others that suggests the platform is OK but, nothing groundbreaking - others are doing this and with far more capital to throw at it. That the sales team isn’t equipped with resources to convince buyers that there is real value to be had. That money to date has basically been made via time and materials for staff. I.e. consulting work. I can only hope some of what I was told was wrong as I’m still heavily invested….
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Ann: Quarterly Activities/Appendix 4C Cash Flow Report, page-9
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