EIQ 6.98% 20.0¢ echoiq limited

Ann: Update on Contract with Departmenrt of Defence, page-14

  1. 165 Posts.
    No, it's not at all.

    But that's why they've gone the RTO route on the ASX. To raise the funds required to develop the product to a point to be able to realise opportunities far greater than "3k per annum per user per annum".

    If they were happy with this, or at the flick of a switch could just start fulfilling much greater contracts, they wouldn't have listed, they would've have just done it.

    They're building a company. They have the funds now to develop specialised products like no other for clients delivering much greater that "3k per annum per user", perhaps read the prospectus. They're getting paid to develop a pilot model, if successful will it be sold for "3k per annum per user".

    We're here because the potential is limitless and I believe they're working for far greater than what they've achieved in the past.

    Yes there is risk, they may need a CR if timeframes for further revenue to fund development blowout somewhat, the product may not be what be what end users initially hoped and lose traction. This is spec stock and I think some forget that. Look at the risk, then look at who has validated the product in the past.
 
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