Ann: App 4C and Quarterly Report, page-49

I don't normally post and usually take in what everyone says as part of my ongoing research on what my next move should be. But thought I'd give my 2 cents. I'm a long term holder, but not as long as other fellow shareholders who have been burnt over time (am averaging $0.014). I'm keenly aware that I'm playing in the spec space of the market and the excitement and the potential multibag upside is why I invest in these shares. So I don't put in more than I'm willing to lose. If you're still here and are passionately hating on VPC then that's a sign that you should be investing elsewhere.

I also run a tech company and know that ROI takes time and in my opinion VPC went public too early. Had they gone public last year we wouldn't have as many burnt shareholders. But then you can't play the should've/could've game. Maybe they needed to go public to have access to the funds to be able to develop the platform. So our judgement should be based on 2017, a year that saw them properly get into the revenue stage of startups.

Let's not be bullish about the reduced cashburn in the last quarter as you have to factor in the R&D grant. So cashburn hasn't "halved" as some posters here have suggested. And let's also not get too negative about the projected spend for the next quarter. We always knew that the investment in Nowforce was going to be there - a huge part of the reason for the CR.

In my business, I've realised my biggest growth and success through strategic alliances and not just through direct sales. In fact, I'd say about 70% of my revenue today comes through channels. The point I'm making is that VPC need to connect with more partners like Nowforce that have access to customers that could use their services.

2017 for VPC wasn't terrible. We picked up circa 80 new clients (someone correct me on this)? Management made a concerted effort to cut costs and built a direct sales team with key hires from well known SAAS backgrounds. And they sourced a key new strategic partnership with Nowforce.

2018 has to be about constant sales growth, realise a return on the investment with Nowforce, and seek out new strategic partnerships. All while doing their best to cut costs.

I'm not bullish on the stock yet and know that it's a waiting game right now. The one thing I hope, is that management dramatically improve their communication with us shareholders with regards to any major wins/successes. This communication is what's going to slowly regain market confidence and improve the SP over time. CFP will be a breakout improvement in the SP but management can't hang their hat on that. SP improvement has to be gradual over the coming months.

Just my humble 2cents and opinion. Good luck to all LT holders as well as day traders. We're all in this boat together.