I invested in GSW precisely because they had demonstrated rapid growth in actual transactions and revenue, albeit off a very small base.
And whilst Bane is a great salesmen , I felt they were genuine when hearing their agm presentations in person.
I think the truth is somewhere in between, they have probably been overly exuberant with announcements of some deals and talked it all up ahead of reality but there is a real product there with real customers/transactions/revenue and growth.
I think all will be fine unless this bad press scares off the big customers.
GSW Price at posting:
$2.92 Sentiment: Buy Disclosure: Held