I have been watching this one for a long time now and haven't jumped in due to the ongoing cash issues (regular raisings and con note issuances).
One sentence though in the chairman's letter stood out this time:
"The Group believes PTA registrations since commencement of the initiative in late August 2013 confirm the likelihood of commencement of solid revenue stream over the coming months"
I'm reading this as suggesting they have already started seeing significant uptake. My thought has been before that if they can even be close to cashflow positive in a quarter the price might explode...........
Whilst it is a chairman's job the be upbeat about the prospects of a company I'm watching even more closely now !! Might be adding this stock as my most speculative punt yet......
- Forums
- ASX - By Stock
- ESN
- Ann: Annual Report to shareholders
Ann: Annual Report to shareholders , page-2
-
- There are more pages in this discussion • 9 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)